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Soybean Futures ( ZS1! ), H4 Potential for Bearish DropTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1514.00 Support: 1490.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly drop from the pivot at 1514.00, where the 23.6% Fibonacci line is before continue heading towards the support at 1490.75, slightly below where the -27.2% Fibonacci expansion line is. Alternative scenario: Price may head back up to retest the resistance at 1535.00, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
3 Inflation Scenarios for 2023There are only 3 inflation scenarios that will happen till the end of 2023: i. Improve CPI to 2% ii. Range CPI to hover between the band of 5-8% iii. Continue to trend higher breaking above 9% Many investors believe scenario (i) & (iii) will be unlikely. 70% of the investors feel that CPI should settle unchanged from how the year started at between 5%-8%. Therefore, what is moving up then? Both the long-term and short-term? I have explained in the above video. Feeder Cattle Futures Minimum price fluctuation: 0.00025 per pound = $12.50 TAS: Zero or +/- 4 ticks in the minimum tick increment of the outright Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:GF1!Long
by konhow
2
Fading the Soybean Oil premium.Jumping straight into the technicals, we see a head and shoulder pattern on the daily Soybean Oil chart. With the neckline now broken, it seems a bearish set-up might be possible. While the technicals are important, understanding where the current price level of soybean oil is in context to other products could help us build further conviction on this idea. Firstly, the Soybean crush components. Currently, Soybean Oil trades at a pretty large premium against Soybean and Soybean Meal. Looking at the price ratios of Soybean Oil/Soybean & Soybean Oil/Soybean Meal, we also see that both have been trading out of the ‘normal’ range since 2021. With both ratios now trending lower and knocking on the door of the normal range again, we will watch closely to see what happens as we approach this critical juncture. Secondly, Soybean Oil vs its substitute, Crude Palm Oil. Again, we see Soybean Oil as the outlier here, as prices diverge from Crude Palm Oil, with Soybean Oil trading higher. Looking at the bottom chart, we can clearly see the Soybean Oil/Crude Palm Oil ratio deviating from the average range established in 2018 – 2021. With this ratio recently trending lower, a break below the upper level of the range established (dotted line) could accelerate the closing of this premium, as seen in the 2021 to 2022 period, where the ratio collapsed swiftly. The technically bearish setup, coupled with Soybean Oil’s relative valuation against the soybean complex and Crude Palm Oil on fundamental standpoint, makes a decent case to short Soybean Oil Futures from here. To express this view, we can consider setting up the trade in a few ways: 1) An outright short on Soybean Oil using the CME Soybean Oil Futures, at the current level of 60.05, setting our stop at 67 and taking profit at 42, with each 1-point move in the Soybean Oil Futures contract equal to 600 USD. 2) A spread trade between Soybean Oil & Crude Palm Oil, by taking a short position in the CME Soybean Oil Futures contract and a long position in the CME Crude Palm Oil futures contract. Such a setup could potentially allow you to stay profitable even if you turn out to be ‘wrong’ in your market views if it eventually proves that crude palm oil has been underpriced and the soybean premium is closed by crude palm oil rallying. For this trade, it is trickier to set up due to the contract size and tick value difference. Interested readers can check out one of our previous ideas where we have covered this trade in further detail: The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com www.cmegroup.com
CBOT:ZL1!Short
by inspirante
15
Soybean Oil Futures ( ZL1! ), H4 Potential for Bullish RiseTitle: Soybean Oil Futures ( ZL1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 64.60 Pivot: 61.66 Support: 59.90 Preferred case: Looking at the H4 chart, my overall bias for ZL1!is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to retest the pivot at 61.66, where the overlap support and 23.6 % Fibonacci line is before heading towards the resistance at 64.60, where the overlap resistance and 61.8% Fibonacci line is. Alternative scenario: Price could head back down to break the pivot at 61.66, where the overlap support and 23.6 % Fibonacci line is, before heading towards the support at 59.90, where the previous swing low is. Fundamentals: There are no major news.
CBOT:ZL1!Long
by Genesiv
ZO1! Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for ZO1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a possible pullback sell entry at 354.375, where the 50% Fibonacci line is. Stop loss will be at 377.500, where the previous swing high is. Take profit will be at 330.500, where the recent lows and liquidity hotspots are located. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZO1!Short
by VantageMarkets
Soybean Futures ( ZS1! ), H4 Potential for Bearish DropTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Alternative scenario: Price may head back up to retest the pivot at 1492.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1535.00, where the recent high is Alternative scenario: Price may head back down to break the pivot at 1492.25, where the 38.2% Fibonacci line is before heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
ZS1! Potential For Bearish DropLooking at the H4 chart, my overall bias for ZS1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1509.00, where the 38.2% Fibonacci line is. Stop loss will be at 1537.50, where the recent high is. Take profit will be at 1465.50, where the 38.2% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZS1!Short
by VantageMarkets
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
1
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to retest the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 1475.50 Pivot: 1409.75 Support: 1380.50 Preferred case: We have a bearish bias on the H4 chart. In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located. Alternative scenario: Price may rise again to retest the resistance at 1475.50, where the 78.6% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 1465.00 Pivot: 1409.75 Support: 1391.75 Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located. Alternative scenario: Price may rise again to retest the resistance at 1465.00, where the previous swing high is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 1465.00 Pivot: 1409.75 Support: 1391.75 Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located. Alternative scenario: Price may rise again to retest the resistance at 1465.00, where the previous swing high is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 1433.75 Pivot: 1409.75 Support: 1391.75 Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud, indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located. Alternative scenario: PPrice may rise again to retest the resistance at 1433.75, where the 50% Fibonacci line is located. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 1433.75 Pivot: 1409.75 Support: 1391.75 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is. Alternative scenario: Price may go back up to retest the resistance at 1433.75, where the 50% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 1484.50 Pivot: 1409.75 Support: 1431.50 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the support line at 1431.50 where the 50% Fibonacci line is located before heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is. Alternative scenario: Price may go back up to retest the resistance at 1484.50, where the previous swing high and 78.6% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 1484.50 Pivot: 1409.75 Support: 1431.50 Preferred case: The current bias for ZM1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. Overnight price had some bearish momentum, with the price currently trading at 1447.25. If the bullish momentum continues, expect price to possibly head towards the resistance at 441.4, where the previous high and 100% Fibonacci line are located. Alternative scenario: Price may head back downwards breaking the 418.8 support level , where the 50% and 23.6% Fibonacci lines are located, before heading towards the pivot line at 1409.75 where the 38.2% Fibonacci line is located. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 1484.50 Pivot: 1409.75 Support: 1431.50 Preferred case: The current bias for ZM1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Overnight price had some bearish momentum, with the price currently trading at 1455.00. If the bullish momentum continues, expect price to possibly head towards the resistance at 441.4, where the previous high and 100% Fibonacci line are located. Alternative scenario: Price may retrace downwards and head towards the 418.8 support level, where the 50% and 23.6% Fibonacci lines are located. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv