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Agriculture

Rising Wedge Continuation for Soybeans?Today I am looking at SX2019. This chart looks awful similar to a rising wedge continuation pattern. With the export problem, and the amount of beans we have in the U.S., I wouldn't doubt this is possible. This idea is for chart pattern purposes only. Lets see where it goes. Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze. L.R.
CBOT:ZSX2019
by SouthFutures
Coffee reaches accumulation levelsCoffee is trading near multi year horizontal support of 95 cents. While excessive supply and falling Brazilian real crushed the prices, there is ray of hope ahead. With price almost reaching 95 level which seems safe accumulation level, there can be gains in coming months. Farmers in Brazil are reducing coffee cultivation area will lead reduction in inventories in coming months. Price hovering near critical long term support risk to reward is very low for investing in coffee for some months. Please feel free to leave comments and get in touch with us on: Twitter: bit.ly/2o9ItrA Youtube: bit.ly/2Nh8sbE Tradingview: bit.ly/2PCbed1 Happy Trading! Team Bitbloxx
ICEUS:KC1!Long
by Bitbloxx
1
Corn Futures? A big question mark.What is going to happen with ag commodity futures in the coming months. Where are we going? We are getting closer to the ever so important growing season in the United States, and ag futures have been stuck in a rut. Specifically corn. February 8th, the USDA released another one of their important reports and traders saw a decrease in stocks/yield as well as other juicy information. Overall the report was nothing to get the market too excited. After the close us traders saw yesterday, it leaves me even more curious of where these futures are going to go. From a chart prospective, we have seen strong congestion in corn futures. Looking at the chart here for CZ9 (dec 19), you can see a possible ascending triangle. I am not completely convinced. I am torn fundamentally with the idea of larger acres coming and then throw in the size of the corn carry out, which is lower than we have seen in a while. Off the cusp there are a few very interesting variables at play in the ag futures world. Throw in the continuing trade negotiations and every analyst prediction is radically altered. For now it will be interesting to sit back and watch how this unfolds. Comments always encouraged. Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze. L.R.
CBOT:ZCZ2019
by SouthFutures
CO2 GRO Technical Analysis: 100% return over next 1-2 months Short term we are due for at least a small bounce since we finally have some signs of buying volume increasing. Note the bull volume spikes end of this week as well as back in June before the last uptrend started. Daily MACD is just about to cross which when combined with stochastics rising out of oversoold indicate a likely uptrend beginning. $0.15 was a major support and now is acting as significant resistance, a break above this level would 100% confirm the continuation of the megaphone chart pattern up to at least $0.30. Easy 100% return over next 1-2 months even without any major catalysts, but this company has first revenue coming any week now as well as new research/trials being completed monthly. 8 Million market cap and projected revenue stream for 2019 is $10 million.
TSXV:GROWLong
by Unlikely-Bite
Soybean Meal: Long towards the neckline's Resistance.The price has completed a Head and Shoulders pattern on 1W (RSI = 45.662, MACD = -8.520, Highs/Lows = 0.0000). The neckline is within 293.90 - 341.40, a range that Soybean Meal roughly traded in for 540 days (August 2016 - February 2018). This can be used as a basis for a long term sideways strategy of selling near the Resistance and buying near the Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
S
by InvestingScope
2
LONG SUGAR @ 10.48Technical Analysis: - Double Bottom at 10.45 from August 2015 - Oversold on daily/weekly timeframes - Retest of 5monthSMA likely @ 11.50 Fundamental Analysis: - Look for Brazil Real bounce against USD - this will lead to less selling for $ and more domestic demand in Brazil - Higher lows since 1985 reflecting growing demand - Higher energy means more domestic demand in Brazil - El Nino Weather Pattern could damper production in Brazil and India
SLong
by CashFlo_Trading
2
ADA / Cardano- Bottom reached?Cardano seems to be following the same or similar pattern as much of the other bigger coins. Big take off and a slow decent to the bottom. Will Cardano become more than a $0.13 coin? Last week, Emurgo, ADA's commercial venture arm, joined with Indonesias HARA to host Blockchain for Real World Problems in Jakarta. HARA works by providing tokens to users that frequently share their farming and agriculture focused data. Earlier this year we saw a Cardano price of $1.40. If a bull run were to take place, is it possible to reach those numbers again? How long and what will it take for that to happen?
Long
by GPI-Legacy