Soyameal: Price has arrive at our target ahead of time and drew a beauty of a 'hammer' on the chart. A 'hammer' is a very reliable bode that the end of the downmove is imminent but it needs confirmation. We need this price to reverse here and now as per our earlier set scenario and we feel safe with a long play at the opening tonight although a tight stop is...
Soybeans: Price made a strong move to the downside of some 2.5% after which it revered leaving a relatively long bottom tail for the daily candle. Price reached our target a bit earlier than we would have expected which is not a problem as such but the structure of the latest move is a problem. Thus far we stick too our earlier casus in which we see price make a...
Beanoil: Price has been moving sideways longer that we would have thought and liked which made us think that we might have to get back to the drawing board. Last Friday's session gave a very strong move to the downside with a higher high but a lower close that the 2 previous sessions which makes it a 'double key reversal' which is a very powerful reversal pattern....
Wheat: Price keeps us in limbo what side to chose already since quite some time and we have made some wrong calls during the past weeks. There could be a 'bear-flag-pattern' on this chart with possible target 380. We are waiting and not touching.
Corn: Price has traded up to our buy stop level after which it made a corrective move back down again. Price should not trade below the latest low of 346 as it will then likely trade further down to the 325 region which would be some 13% below the 375 buying stop zone which would be by far too much of a loss on the price. For now we consider this market to be a...
Beanoil: Price has been moving sideways during the week but principally keeps following our preferred descending channel and nothing has changed in our bias. The 32.50 level is our 'reconsidering level'.
Soyameal: Price is showing an equal pattern as the soybean price and we are still waiting for the 345 region to be touched in order to consider a long play from there. Nothing else to do than keeping the disciplined patience.
Soybeans: Price corrected up during the first half of the past week and still has to complete its move down a bit further to the 10/9.75 region where we expect price to reverse and make a move up of 20%. Traders who entertained the short play last week should have been stopped out and if not their stops were not tight enough so they are more rather lucky than...
Wheat: Price has traded down over 20% in about 5 weeks time and shows signs that the move to the down side is mature. The picture of last week's price development suggests that we should expect one more mild move to the downside after which we anticipate a 10% rally. Traders keep their powder dry for one more week and can start looking for a long play opportunity...
Corn: Price had its additional push down and probably completed its move down after losing some 23% from its high on June 17 which is only 3 weeks ago. The price more or less reached the targeted buying region during the past week which was a bit earlier than what we were anticipating one week ago and the big question now is whether it is time to entertain a long...
Beanoil: Price keeps following our preferred route that we have put on the chart about a month ago and there is little to add to that. We have drawn a descending price channel in which price seem to be moving to the downside. Our targets remains unchanged, trails keep being trailed down along with price and traders with a short position enjoy the ride. We will...
Soybeanmeal: Price opened the week with a gap down and lost almost 10% in three sessions after which it recovered a bit on Friday but only after putting a new recent low of the week on the cart. Our expectation that price would first make one more move up did not materialize so no short play opportunity could be made use of. The waiting now is for the 345 level...
Soybeans: Price opened the week with a gap down and lost some 10% of its value in just three sessions after which Friday's session corrected same a bit so that the week ended with a net loss of 7% after breaking Thursday's low. We keep our bias unchanged to a bit more downside from here and will start looking for a reverse from the 1000 region. Traders who...
Wheat: Price declined some 18% during the past 4 weeks which we did not anticipate as we had a wrong bias initially. We are still unable to figure out where to go from here with our bias and prefer to have a further wait-and-see attitude rather than trying to catch a falling knife. Price will, at some given time, make a corrective move up before it continues it...
Corn: Price's 'correction down' that started 2 weeks ago turned out to be an almost 20% collapse in just 2 weeks which we did not see coming. We believe that the poison cup is not quite empty yet and we expect one more push down during next week although it will be not in the proportion of what we price has showed us during the past 2 weeks. We are looking for a...
Beanoil: Nothing has changed on this chart as far as we can see. Price broke its previous low of 31.42 and has now the door open to continue trading further down. Our July 1 target was not reached due to a correction up during Thursday's trading but that has not changed our bias.
Soybeanmeal: Price made a move up during the pas week and could well be looking for higher levels from here in order to test its previous high. We rather do nothing and wait what develops during next week.
Soybeans: Price made a solid move up during the week and traded back up to the lower line of the previous price channel. Our initial short term bias with 10.00 as target remains unchanged. However, price traded a bit higher than what we would have liked to see which could be an indication that price wants to trade up even higher to test its previous hight at...