SOYBEANS to 1.035 bullish trend for Frist Quarter 2025
The fundamental factors affecting soybean prices in 2024 have shown mixed developments, with weather conditions and global demand playing crucial roles. For 2025, the direction of prices will depend on China's economic recovery, weather conditions, and agricultural policies in the U.S. under the new Trump administration.
On the technical side, there is an accumulation of positions and manipulation in sell stops at the monthly level. I would like the price to reach the equilibrium of the range in the first quarter of the year; depending on the evolution of the fundamentals, we could even see a value of 1,100. If this idea is invalidated, I would expect prices of at least 927.7.
Monthly chart for context:
On the technical side, there is an accumulation of positions and manipulation in sell stops at the monthly level. I would like the price to reach the equilibrium of the range in the first quarter of the year; depending on the evolution of the fundamentals, we could even see a value of 1,100. If this idea is invalidated, I would expect prices of at least 927.7.
Monthly chart for context:
Trade active
First Fair Value GAP before target 1 reached. From this area I expect to see a retracement to discount. Invalidation point remains the same.
Note
Yesterday, after 2 weeks, price reached target 1 and closed above it. I want to see the next candle rebalance the existing FVG or create a new bullish BISI.
I don't like to see price closing below 993.1
Note
Prices reach target 2 and close above it. Let's see what this week delivers.
Trade closed: target reached
Finally, after more than a month, the price reaches the final goal. Excellent opportunity, anticipating a +10% increase in the price of soybeans.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.