SOYABEAN trade ideas
Current thinking on SoybeansI've included several charts here that high-lite some of my current thoughts on Soybeans. Starting with the monthly chart and then working through the weekly, daily, and then 4hr that has some thoughts on entry into the market to long side.
Weekly:
Daily:
4hr:
SOYA - its off the block now with volume i think SOYA is really taking off now, with its' Corre to gas ...and off the block with volume
Soybean staging for another run at resistanceIs soybeans setting the stage to make another run at an upper channel line of resistance started with the August 2012 high? Current weekly and daily action looks like this is the case. Should price continue up, how it responds will indicate if new shorting positions should be taken of existing longs can be held. Another option would be to hold longs with this line as target and then re-enter once price shows direction.
weekly:
daily:
Soybeans short into 9.550 support Good evening traders, this is on my watchlist as price is showing some deceleration mid run, 50 EMA crossing yesterday's and today's wick, might provide resistance.
Hope you liked this idea, good luck!
Soybeans anticipating pullback on daily before moving higherI'm watching soybeans for a pullback on stoch and for ADX to move over 20 with +DMI holding. A move up in price after this scenario could be a buy signal.
Dscending triangle Contraction of range with price making lower high and lower lows.
Bearish price action.
