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
SJC1! trade ideas
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
Soy beans Futures ( ZS1! ), H1 Potential for Bearish ContinuatioType : Bearish Continuation
Resistance : 1622'6
Pivot: 1611'2
Support : 1581'0
Preferred Case: With the ichimoku indicating some bearish momentum, we have a bearish bias that price will drop to our 1st support in line with the swing low support at 1581'0 from our pivot of 1611'2 in line with the 38.2%, 50% Fibonacci retracement and 78.6% Fibonacci projection.
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
Soybeans Futures ( ZS1! ), H1 Bullish rise!Type : Bullish rise
Resistance : 1642'2
Pivot: 1633'0
Support : 1610'6
Preferred Case: With price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance in line with the 38.2% Fibonacci retracement from our pivot in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 127.2% Fibonacci extension.
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Soybean Futures (ZS1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 1674
Pivot: 1662'6
Support : 1644
Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1662'6 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1644 which is in line with the horizontal pullback support.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1674 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
SOYBEAN FUTURESWe are still in a very strong steep landing and in case this resistance does not penetrate, it will accelerate to the lowest targets.
Soybean Futures (ZS1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 1662'6
Pivot: 1653'4
Support : 1626'2
Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1653'4 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1626'2 which is in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1662'6 in line with 50% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
SoyBeans: Cup & Handle + H&SMain Pattern: Cup & Handle?? a little dirty
Daily Pattern: Confirmation H&S?? a little dirty too
maximum risk 0.50%
long above 1734 first one 0,25%
Soybeans and Rate of Change PotentialBeans – 3mo Continuous: Comparing our current Bull market with the previous major bull markets of the past 50 years. Currently the 24 mo ROC is at 92%.
If beans move to the upper trendline in the $20.00 area it would be a 130% ROC and would “pale in comparison” to the 06-08 and 71-73 bull markets.
A 200% ROC on the charts would look very ugly to some and wonderfull to others with a price area at $26.00
**Disclosure** Do not take this as trading advice. The potential is there for higher markets, but anything could keep us from getting above today’s High.
Soy Bean update - 27/04/2022upside focus remains, expecting a strong move higher near 1880 to complete wave 5, critical support at 1560.4
Soybean Futures (ZS1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 1704'6
Pivot: 1687'6
Support : 1659'2
Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1687'6 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1659'2 which is in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1704'6 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Soybean Futures (ZS1!), H1 Potential for Bearish ContinuationType : Bearish Continuation
Resistance: 1704'6
Pivot: 1687'6
Support : 1659'2
Preferred case: With price moving below the ichimoku cloud, we see a potential bearish continuation from our pivot level of 1687'6 which is in line with 38.2% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 1659'2 which is in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance level of 1704'6 in line with 61.8% Fibonacci retracement and horizontal pullback resistance.
Fundamentals: No major news.
Soybean Futures (ZS1!), H1 Potential for Bullish rise!Type: Bullish rise
Resistance : 1726'4
Pivot: 1704'6
Support : 1688'4
Preferred case: With price moving above the ichimoku cloud and the ascending trendline, we have a bullish bias that price will rise to our 1st resistance in line with the 1726'4 in line with the swing high resistance from our pivot of 1704'6 in line with the 50% Fibonacci retracement and the horizontal overlap support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1688'4 in line with the 50% Fibonacci retracement and the horizontal swing low support.
Fundamentals: No major news.
Soybean Futures ( ZS1!), H1 Potential for Bullish BounceType: Bullish Bounce
Resistance: 1710'4
Pivot: 1690'6
Support: 1682'2
Preferred case: We see the potential for a bounce from our pivot at 1690'6 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 1710'4 in line with 100% Fibonacci projection and 161.8% Fibonacci extension.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1682'2 in line with 100% Fibonacci extension and 61.8% Fibonacci retracement.
Fundamentals: No major news.
SOYBEAN FUTURESBeautiful and powerful move with broken price channel we complete very strong descent to achieve some bottom goals
Soybean Futures (ZS1!), H1 Potential for Bullish rise!Type: Bullish rise
Resistance : 1693'6
Pivot: 1681'4
Support : 1666'0
Preferred case: With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 1693'6 in line with the swing high resistance from our pivot of 1681'4 in line with the 23.6% Fibonacci retracement and the horizontal pullback support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1666'0 in line with the 38.2% Fibonacci extension and the horizontal pullback support.
Fundamentals: No major news.
Long ZSK2023 x Short ZCK2023Corn seems expensive compared to Soybean for 1 year ahead delivery. Maybe the too tight corn SxD due to Ukr war and post USDA Planting Intentions pressuring the spot prices is pricing too much for 2023 crop. While soybean seems behind the curve on a comparative basis.
RSI for the ratio spread at 30s
Continuous Bean SpreadsWhen carry out stocks are plentiful and the market structure is more definable, spreads seem easy to manage.
In the current domestic and world market structure of strong demand and less supply, it seems that trying to add value to hedges with capturing carry may be more of a risk play.
It is wise to manage the risks we know and the risks we can.
Carry Spreads have their limits, Inverse markets have no Rules
Soybeans Future (ZS1!), H1 Bearish dropType : Bearish drop
Resistance : 1643'2
Pivot: 1623'2
Support : 1579'6
Preferred case: With price moving below the ichimoku cloud and expected to reverse off the stochastics indicator, we see a potential bearish dip from our Pivot at 1623'2 in line 38.2% Fibonacci retracement towards our 1st support at 1579'6 in line with the horizontal swing low support and 161.8% Fibonacci extension.
Alternative scenario: Alternatively, if price breaks our pivot structure, it may head for 1st resistance at 1643'2 in line with the 61.8% Fibonacci retracement and horizontal pullback resistance.
