I posted Cattle futures earlier, but I realize some of my followers may be vegetarian.
Tofu futures also trending up, and I would expect it to bust out to new highs if the Fed doesn't go .50% today. Inflation is not gone, just dipped like this chart did. Trend is once again UP, not down.
The Fed is incompetent and looks at trailing data instead of futures, so...
Soybeans have proved itself one of the strongest commodities the past few months. As soybeans makes another leg up it looks like a H&S pattern could be forming. Set your alerts, this could a good trade!
Title: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1535.00
Pivot: 1492.25
Support: 1457.75
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1535.00
Pivot: 1492.25
Support: 1457.75
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly...
Daily ZS analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1535.00
Pivot: 1492.25
Support: 1457.75
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price...
Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1535.00
Pivot: 1492.25
Support: 1457.75
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price...
Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1509.00, where the 38.2% Fibonacci line is. Stop loss will be at 1537.50, where the recent high is. Take profit will be at 1465.50, where the 38.2% Fibonacci line is.
Please be advised...
Price moving within the boundary of Ellipse 2
If price stays within this ellipse then terminus is again at 1800 in May before a correction starts.
However, giving the cyclic structure completing within the square price will continue to decline if it stays below 1557 usd.
First TP is at 1142 usd.
Trade safe
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1530, which will be followed by moving up to resistance level 1555.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1508, which will be followed by moving down to support level 1487 and 1462.
Uptrend scenario
The uptrend continuation is not expected this month.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1508, which will be followed by moving down to support level 1462, 1433 and 1400..
Soybean fund SOYB was added recently as the seasonal is positive into next summer and the technicals have been constructive. Most recently it took out resistance, turning it to support.
Daily ZS analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
Daily ZS analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or...
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1495, which will be followed by moving up to resistance level 1512.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1457, which will be followed by moving down to support level 1422.
