4H CHART EXPLANATION: In 4H timeframe, we observe that price has broke the Descending Trendline with a strong movement. It has potential to reach the Resistance Zone. However, we need to be careful because the downtrend still active, so it can be just a correction to continue the down movement. Updates comming soon! MULTI TIMEFRAME VISION: - Weekly: - Daily:
SOYBEANS: WAVE COUNT / WXYXZ (TRIPLE THREE - BULLISH ) OR WXY (DOUBLE THREE - BEARISH)
According to Larry Williams if we make a higher low we can be buyers here - targets are 330-335
Look for main levels to be breached. targets as per chart
Looking to load up around -50%/-61.8% incase we break that swing low of 2008 LOL.
After seeing such a steep recent decline I started looking for signs of a bullish bounce. Unfortunately, it looks brutal: 1. recently retraced more than 100% of previous up-move, which indicated additional consolidation / correction is needed. 2. While it is a little messy, I can make out a 5 wave down move from the 2012 highs. This would mean we are likely...
Hmmm....very interesting to me. Price bounced at the L-MLH. It produces what I call a corner. And if I throw a fork on it, it fits the "edge". Letting it come back and try to hop on to the long side. P!
Long-term fundamental is bearish . US has big soybeans 0.23% stocks , export is falling. Harvest in Brazil and potentially big crop in South America adds bearish sentiment. Weekly chart shows rejection of VAH, price moves down inside balance, so I'm waiting the continuation of price falling.
If this can get back to a $5 will go long front and short back
This stock buys you land all over South America. 319,000 Hectares between Brazil and Paraguay, just to name a few (mostly in Brazil). Exposure to an incredible emerging market. Exposure to commodities long term (grain and sugar mostly, cattle as well) Management is a powerhouse. JP Morgan owns 7% of the float. George Soros made this company happen. Google...
soybeans and many other ags have rallied after dumping on the crop report and is possibly making a trend reversal after months of bearish action. I'm looking to pick up a long on a healthy pullback.
Price is coming off the high near 1200. I am thinking price may pause around 1000-1050 for a bit before going higher. Look for possible opportunity there.