See link to related idea for the overall view. This seems to be a continuation pattern. I'll short below the pivot low (1054.0). ZSX14 contract.
ZSU2014. I'm bearish here but if we trade above 1300.0 we could see a tunaround. Day trade.
Monthly chart of the Soybean showing a major trendline broken to the downside. Next support 907.0. Look for selling opportunities
The soybean tend to peak Mid-July And baced on soybeans pattern Short term longside looks possible Or sit on the side line looks best.
Possible bullish price movement in next 14 days.
Soybean and Corn futures have a seasonal window that has shown a high success rate for the past 18 years.
Soybeans ZSN are forming a top. Typical seasonal peak is in June/July but this might be earlier. Chart pattern (M top) and RSI divergences are supportive. Targeting 1394.0 in one week time.
Soybeans ZSN are forming a top. Typical season peak in in June/July but this might be earlier. Chart pattern and RSI divergences are supportive. Targeting 1429 in one week time. Fundamentals can be found in the USDA (US department of agriculture) reports: www.usda.gov
The beans are a bit long in the tooth. A topping pattern is playing out. We want to be short (small size) for a short term reversal.