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Soybeans

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
Soybeans Buy setup developing Soybeans recently broke out to a new high and managed to spend some time above the 9.00 mark before the 200 day moving average and the top of an ascending channel forced price back down. It is now stalled at confluence fibonacci support and a parallel of the lower trendline of the ascending channel, with the bottom of the channel very close below. An aggressive approach would be to buy in at the appearance of a positive closing candle. Otherwise a more conservative approach would be to wait for a daily close above the 50 day moving average. Given the time of year the conservative approach seems to be the more appropriate option. Initial target will be 9.00 and a break below the channels lower trendline would invalidate the bullish bias.
OANDA:SOYBNUSDLong
by MarkE
Long SoybeansHi guys ! I post a trading idea for long positions at ZS1! . Recent WASDE report had a price projection for soybeans for 2019 about 900-910. As wee see also in the recent political scene trade war talks at G20 there is a good possibility to go far beyond as from 910. From technical analysis view at the monthly chart is long with target 1056 , RSI is tend to swing to upper levels so I think is a good long signal and ADX now is tending to get a direction which is a further high price. Hope you find it usefull !
CBOT:ZS1!Long
by OmenFinance