SOYBEAN FUTURESIf we break the support it will complete the drop to the lowest points and vice versa in case we breach the very strong resistance we will get an upward trend
SJC1! trade ideas
Poor Export Sales May Halt The Soybean Rally Soybeans
Fundamentals: This morning’s weekly export sales report showed net sales of 111,600 MT for 2021/2022--a marketing-year low--were down 60 percent from the previous week and 77 percent from the prior 4-week average. Net sales of 284,000 MT for 2022/2023.
Technicals: Soybeans have been all over the map in the list five sessions, averaging a daily range of 52 cents. Yesterday’s move out above our pivot pocket from 1695 ½-1700 opened to door for an extension to our next resistance pocket, 1734-1741 (yesterday’s high was 1740 ¾). The very recent trend has been a day of “consolidation” after a big move (like we saw yesterday). From a risk/reward perspective, we don’t mind leaning on the short side so long as resistance is defended ahead of the weekend.
Bias: Neutral
Previous Session Bias: Neutral
Resistance: 1734-1741***, 1750**
Pivot: 1695 ½-1700
Support: 1673-1679 ½***, 1665 ½-1673 ¾****, 1605**
Are Soybeans Going To Breakouit?July soybean futures have been volatile over the last five sessions, trading in an average daily range of 52 cents. The market is threatening the upper end of the recent trading range which is also the contract high. If the Bulls can chew through this pocket, it would put prices in "uncharted territory" and momentum could begin to feed on itself. With that said, there is a risk/reward trade to the sell side against technical resistance, because you know where you are wrong and it's well defined, new contract highs. Weather will continue to be a pivotal player in price action. Right now, it seems that weather is near ideal for some of the major producing states.
Potential Bearish ContinuationOn the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the buy entry at 1682'4 in line with the 38.2% fibonacci retracement, to the take profit at 1746'4 in line with the horizontal swing high. Alternatively, price may reverse off the pivot and drop to our stop loss at the overlap support at 1665'6 in line with the 50% fibonacci retracement and 61.8% fibonacci projection.
SOYBEAN FUTURESWe achieved the goals very strongly and penetrated the strongest areas or points of resistance that they considered to be a very strong goal and now we will see a beautiful rise
Soy beans Futures ( ZS1! ), H1 Potential for Bearish dropType : Bearish Continuation
Resistance : 1697'0
Pivot: 1685'0
Support : 1667'2
Preferred Case: With price moving below the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 1667'2 in line with the 78.6% fibonacci projection and swing low support from our pivot at 1685'0 in line with the horizontal overlap resistance,38.2% fibonacci retracement and 61.8% fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance at 1697'0 in line with the overlap resistance and 61.8% fibonacci retracement.
Fundamentals: No Major News
Daily Grain Futures Volatility Forecast 26 May 22 ZS ZC ZW WHEAT ZW 26 May 2022
The current volatility is expected with close to 90% chance to be below 4.17%
In this case, our channel for today is going to be
TOP 1180
BOT 1085
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CORN ZC 26 May 2022
The current volatility is expected with close to 90% chance to be below 2.41%
In this case, our channel for today is going to be
TOP 781
BOT 744
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SOYBEAN ZS 26 May 2022
The current volatility is expected with close to 90% chance to be below 2%
In this case, our channel for today is going to be
TOP 1709
BOT 1641
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Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1718'6
Pivot: 1692'4
Support : 1676'4
Preferred Case: With MACD moving in a bullish momentum and prices breaking the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at
1718'6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692'4 in line with the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1676'4 in line with the horizontal swing low support and 38.2% Fibonacci retracement .
Fundamentals: No Major News
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1734
Pivot: 1702
Support : 1687
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1734 in line with the 127.2% Fibonacci extension from our pivot of 1702 in line with the horizontal pullback support and 23.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1687 in line with the horizontal overlap support and 50% Fibonacci retracement .
Fundamentals: No Major News
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1734
Pivot: 1702
Support : 1687
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1734 in line with the 127.2% Fibonacci extension from our pivot of 1702 in line with the horizontal pullback support and 23.6% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1687 in line with the horizontal overlap support and 50% Fibonacci retracement .
Fundamentals: No Major News
SOYBEAN FUTURESOur analysis in place is a strong acceleration upwards and penetrates into strong peaks and resistance zones and we still have a last point that is a good target.
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounType : Bullish Bounce
Resistance : 1702'6
Pivot: 1684'0
Support : 1661'4
Preferred Case: With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702'6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1684'0 in line with the horizontal overlap support and 23.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1661'4 in line with the horizontal overlap support, 38.2% fibonacci retracement and 61.8% Fibonacci projection .
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounType : Bullish Bounce
Resistance : 1702'6
Pivot: 1684'0
Support : 1661'4
Preferred Case: With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702'6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1684'0 in line with the horizontal overlap support and 23.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1661'4 in line with the horizontal overlap support, 38.2% fibonacci retracement and 61.8% Fibonacci projection .
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1702'6
Pivot: 1692'6
Support : 1687'4
Preferred Case: With price being above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1702'6 in line with the swing high resistance and 61.8% Fibonacci projection from our pivot of 1692'6 in line with the horizontal pullback support and 50% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1687'4 in line with the horizontal swing low support and 78.6% Fibonacci retracement .
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1679'2
Pivot: 1662'2
Support : 1650'2
Preferred Case: With price bouncing off our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1679'2 in line with the swing high resistance from our pivot of 1662'2 in line with the horizontal overlap support and 61.8% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1650'2 in line with the horizontal swing low support and 100% Fibonacci projection .
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1679'2
Pivot: 1662'2
Support : 1650'2
Preferred Case: With price bouncing off our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1679'2 in line with the swing high resistance from our pivot of 1662'2 in line with the horizontal overlap support and 61.8% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1650'2 in line with the horizontal swing low support and 100% Fibonacci projection .
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1693'2
Pivot: 1672'4
Support : 1662'4
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1693'2 in line with the 61.8% Fibonacci projection from our pivot of 1672'4 in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1662'4 in line with the horizontal overlap support and 23.6% Fibonacci retracement .
Fundamentals: No Major News
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Sell Soybean at MARKET- Stop @16.70, 1st TP 15.23Sell Soybean at MARKET- Stop @16.70, 1st TP 15.23
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina
ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
SOYBEAN FUTURESA strong bounce back from a very strong request area which is a strong support area and currently we have goals that are good peaks with the squeeze of these peaks may bounce back from
Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1634'2
Pivot: 1611'0
Support : 1591'2
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611'0 in line with the 50% Fibonacci retracement and horizontal pullback support area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the swing low support.
Fundamentals: No Major News
Soy beans Futures ( ZS1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation
Resistance : 1622'6
Pivot: 1611'2
Support : 1581'0
Preferred Case: With price expected to reverse off the ichimoku resistance and Fibonacci confluence area, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 1611'0 in line with the Fibonacci confluence area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the 50% Fibonacci retracement and 100% Fibonacci projection.
Fundamentals: No Major News
Soy beans Futures ( ZS1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation
Resistance : 1622'6
Pivot: 1611'2
Support : 1581'0
Preferred Case: With price expected to reverse off the ichimoku resistance and Fibonacci confluence area, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 1611'0 in line with the Fibonacci confluence area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the 50% Fibonacci retracement and 100% Fibonacci projection.
Fundamentals: No Major News
