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Soybeans

Possible outcomes for Soybeans tradingAs from the current chart configuration, soybeans show us 2 possible outcomes. OANDA:SOYBNUSD is downtrending since mid july and might continue. The 8.47 level have been acting as support and resistance way back july 2018. The level have shown interest again twice this year. Knowing this, price should either break the level or bounced. in the scenario price break the support level, we expect it to hit the 8.079 level. Else, a bounce back to 8.748 level is the nearest possible long target. So what do you think? Subscribe to my youtube channel for recent updates www.youtube.com
OANDA:SOYBNUSD
by nkanven
1
$ZL_F Failed bullish formation leading to bearish set up.I was entering long here not that long ago. The breakout did not develop into anything and I was stopped out with a few pips in profit. Right now however I see that failed bullish formation may turn into bearish pay. I often see this in the market, if underlying security failed to do one thing it will do the opposite. I would be cautious right now and get out fast if this does not go well but I think this can bring at least 50 pips.
CBOT:ZLZ2019Short
by Trade2Double
Bearish Potential on Soybeans by ThinkingAntsOk4H CHART EXPLANATION: At the beggining of May, price started a strong bullish movement towards the Weekly Descending Trendline. Once it faced the zone, it could not consolidate above and the trend became weaker. Then started moving sideways and it has recently formed a Triangle Patter, which was broke downwards yesterday. We expect a downside move towards the Multiple Support Zones. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
OANDA:SOYBNUSDShort
by ThinkingAntsOk
Are Soybeans Poised For a Run?Soybeans seem to defy all odds when it comes to rational and can often take things to the extreme, one side or another. This is very sweet when you are on the profitable side of this rational but equally as bitter when you are not. During the beginning of May, I had a suspicion the market was very oversold and was due for a correction to the upside, but it seemed like the upside move would never come as the market continued to punish them. Finally, on 5/14 they came to life and gave me a good buy signal by busting the downward line of resistance. I estimated there was a 98% chance of a low and now had a move up to jump in on. It did prove to be a great one. After clearing through $9.20 I foresee resistance around the $9.65. I believe the market will float around in between these two levels until 7/1. This will be after the Acreage report by the USDA which, many in the trade are anticipating will have fewer planted acres of soybeans than originally anticipated back in March. Also, the upward support line will start to squeeze the market into the $9.65 resistance level, I believe if the market does not move up through $9.65 prior to then it will have good technical reasons to then. I am a bull on soybeans but will not add to my position now unless we retest the lows of $9.20. or break through $9.65. In other words, I am sitting on my hands and remaining patient. **Educational purposes only**
CBOT:ZSX2019
by GrainCharts
LOONIE (CANADIAN DOLLAR INDEX) (CXY) DAILY TIMEFRAME SHORTThe Loonie index is currently moving in a downtrend, as shown by the lower highs and lower lows on the daily timeframe. This is also in sync with the commodities markets (crude oil, well and even gold), which have been experiencing bear pressure lately. It is no secret that currencies like the Loonie (Canadian dollar), Aussie (Australian dollar) and the Kiwi (New Zealand dollar) are driven by commodities. The outlook of the commodities market can give us a bias towards these currencies especially if their movements are in harmony. If the index can break above the 75 price level, then we could see a potential bull run. For now, our bias remains bearish with potential targets around the 72 price level.
TVC:CXYShort
by munyaelliott
Buy soya, as trump is hinting to subsidize itthis trade is based on trump's tweet: "If we bought 15 Billion Dollars of Agriculture from our Farmers, far more than China buys now, we would have more than 85 Billion Dollars left over for new Infrastructure, Healthcare, or anything else. China would greatly slow down, and we would automatically speed up!" This is with regards to american agricultural exports to china -> Soybeans This is similar to subsidy, if government subsidies consumer, the price goes down, in this case the producer is subsidised so the price will go up (government will buy no matter what..)
OANDA:SOYBNUSDLong
by ahmedse
Soybeans: Sell opportunity towards the 0.5 Fibonacci.The price reversed the previous bullish sentiment on 1D and is currently neutral (RSI = 48.853, ADX = 28.377, Highs/Lows = 0.0000). The next long term direction should come after a lower test of (at least) the 0.500 Fibonacci retracement level. With 4H already on Lower Highs (Highs/Lows = -0.0750, B/BP = -1.5520) we have a TP = 8.637. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:SOYBNUSDShort
by InvestingScope
Something brewing with agricultureI have noticed agriculture volumes were soaring recently, maybe I am out of touch but those are the numbers I had in mind before: Soybeans (5B), Corn (2B), Wheat (1B), Cotton (900M), Coffee (600M), Sugar (500M), Cocoa (300M) And now they are 2 to 5 times higher, what's up? ==> Soybean Futures 10-15 Billion, Corn futures 10-15 Billion, Wheat 4-5 Billion. Those are the CME ones, the ICE sucks hard but I noticed Sugar volume at over 1.25 Bil yesterday for March contract alone. So in total basically 30 to 50 billion usd a day for the 7 big ones. Then you got all the other ones, I saw live cattle was at like 1.5 billion yesterday (wat?), lean hogs at 500+ million... Buahahaha even orange juice futures are over 300 million. Orange juice futures, what a meme. Who even trades that? * Do not look at tradingview volumes they are all wrong. How it looks on higher TF: Corn: Wheat: Sugar: Here is what I am looking at immediately: Trump is trying to shill, buuut doesn't seem to be working. Wheat is on a massive selloff US business has been lost to France (get rekt). Investors are counting on a positive trade deal and I think this is why prices have been going up for the past months (same concept as stock market). I heard artificially inflating prices with hope and presidential tweets worked just great. I bet Trump has been postponing everything just because dumb investors kept buying in anticipation of that trade deal. No matter how much it gets postponed they just keep buying like little lemmings, and Trump keeps posting the Dow Jones gains since he started his term & what a great president he has been so he clearly has a motive. Can't blame him, most people are too stupid to figure out any of this, he is just doing what a politician does. Maybe he's one of these "with an IQ of 130 that thinks he is at 170" guys I have been hearing about (Elon Musk too according to Charlie Munger). What I think is either on positive news investors will take profit (buy the rumor sell the news), and on bad news. Oh my. All this volume, they're all going to want to sell, right? I do not think we will see a short squeeze, who is shorting this? Nah. Could be wrong but from experience people are not that smart. I really want to trade this, but this is my advice: just do not touch it. Let's wait for the big burn to pass, and then after we shall trade those. And remember, * When prices go up, greedy agri giants (that have traders and actively invest in this) rub their hands and make profits on the back of poor people that can barely afford food (Remember Glencore backlash after stating prices explosion 10 years ago was very profitable) * When prices go down, the poor little farmer is suffering while governments and big players step on them and make profits (they're protesting and telling every one how angry they are right now because they feel people in power do not have a high opinion of them and that hurts their feelings - really not even kidding - as well as taxes and high gaz prices) * When prices do not move "nothing ever improves". How do you make price never move anyway? Prices going down should mean people in civil war countries could get to eat, sit and watch farmers go on a rampage, block roads, burn hundreds of thousands of tons of crops to reduce supply.
CBOT:ZS1!Short
by MrRenev