Watchlist for Week Ending 6/21/2024Starting this week i will be positing my watchlist for stocks and futures trades that are on my radar!
Swing Long: Double Bottom + Higher Low + Up-Trending ChannelTechnical factors:
Double bottom formed with a higher Low on the second retracement, which was also accompanied by volume accumulation.
Long-term upward trend (view weekly chart).
Up-trending channel in the medium-term.
Well-defined risk.
Low-volume node (LVN) that provides for an e
VPOC Moved Up and HVN Still Providing SupportTechnical:
Similar to yesterday, I'm bullish on beans. We have support below the current consolidation range and a lot of indications that we could see a strong move up after a bit more choppiness.
Fundamental
A little birdy known as Descartes Labs gave me some insight into the production forec
Soybeans Were on a Rollercoaster Ride Last WeekSoybeans
Technicals (July)
July soybean futures had an impressive rally on Thursday, taking prices up to the 50 and 100 day moving averages, which happened to align with the 50% retracement from the April lows to the May highs. The market not only fell flat here but straight up rejected it as pri
Soybeans Search For Support. Will the Market Find It?Soybeans
Technicals (July)
Like corn, July soybeans marked their sixth consecutive lower close yesterday, which by just quickly looking at it appears to be the longest losing streak since March of 2023. The fact that the RSI (relative strength index) only got to 38 yesterday is a bit of s shocker
Buy July beans, 1224 limit, 11.99 stop, tgt TBDLooking for early trend developing to the upside on beans
Buy July beans, 1224 limit, 11.99 stop, tgt TBD
ZSN LONG WITH MAYBE BIG POTENTIALThis ZSN has reversed and has formed a new daily uptrend with big potential, if it goes up to the blue line level, keep adjusting the stop loss on the way up, and expect a few pullbacks on the way up.
Beans on the moveFormed a double bottom against yearly pivot level. Now on the way up again. First target S3
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
SOY.CMEV2024
Oct 2024SOY.CMEJ2025
Apr 2025SOY.CME1!
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Frequently Asked Questions
The nearest expiration date for Chicago Soybean Futures (Jun 2024) is Jun 18, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Chicago Soybean Futures (Jun 2024) before Jun 18, 2024.