SoyBean Jul 22ignoring the events of February 24, it is forming an ascending triangle that could continue the Weekly Channel
SOY1! trade ideas
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1728'4
Pivot: 1691'6
Support : 1637'4
Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% fibonacci extension
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bearish drop!Type : Bearish drop
Resistance : 1728'4
Pivot: 1691'6
Support : 1637'4
Preferred case: With price expected to reverse off the ichimoku cloud resistance , we have a bearish bias that price will drop to our 1st support at 1637'4 in line with the horizontal swing low support and 61.8% Fibonacci projection from our pivot at 1691'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st resistance at 1728'4 in line with the horizontal swing high resistance and 127% fibonacci extension
Fundamentals: No major news.
Blow off Top Makes seasonal highLooking for market to work its way down to gap at bottom of blow off.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1686'0
Pivot: 1667'2
Support : 1658'4
Preferred case: With price expected to bounce off the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1686'0 in line with the horizontal swing high resistance and 50% and 78.6% Fibonacci retracement from our pivot at 1667'2 in line with the 23.6% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1658'4 where the 50% Fibonacci retracement is.
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1728'6
Pivot: 1637'2
Support : 1583'2
Preferred case: With price expected to bounce off the horizontal swing low support and the support of the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance at 1728'6 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from our pivot at 1637'2 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support and 78.6% Fibonacci projection.
Fundamentals: No major news.
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1757'4
Pivot: 1658'6
Support : 1583'2
Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.
Fundamentals: No major news.
Speculative bubble on commodities.The recent fearmongering about a war that we (as the human race) cannot afford to have and tensions/economic partitions have created a small speculative bubble that is about to pop and wreck some people.
We are indeed in a greater commodities bull cycle (particularly energy) given the string of consecutive poor decisions taken by European and US leaders and monetary policy errors made by central bankers, but prices cannot sustain these unprecedented levels for long and they will eventually tumble before coming back up.
Entering a short now (1676 cents/bu) an ideal target would be 1392 cents/bu or ~17% of the position size. A conservative target would be 1501 cents/bu ~= current 50-day SMA ~= 10% of the position size.
Soybean: Ascending TriangleMinor Pattern Continuation: Ascending Triangle
Entry at 1488
But potentially bearish candle (inverted hammer) and figure not supported by major pattern, so entry 0.25% now and another 0.25% on Monday if prices still close above 1488
Soybean futures (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1757'4
Pivot: 1658'6
Support : 1583'2
Preferred case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 1757'4 in line with the horizontal swing high resistance from our pivot at 1658'6 in line with the 50% Fibonacci retracement.
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 1583'2 in line with the horizontal swing low support.
Fundamentals: No major news.
Seasonal Futures Market Patterns Corn SoybeansSeasonal Futures Market Patterns Corn Soybeans
Hey traders today I wanted to go over the best Seasonal Patterns in the Corn & Soybeans Futures Market. Corn and Soybeans and other grain markets follow an annual reliable seasonal pattern revolving around supply demand planting cycles. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading of Corn and Soybeans.
Enjoy!
Trade Well,
Clifford
SOYBEAN FUTURES (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1751'4
Pivot: 1639'6
Support :1581'4
Preferred case: With price moving above the ichimoku cloud , we see the potential for a bounce from our Pivot at 1694'2 in line with 38.2% Fibonacci retracement towards our 1st resistance at 1757'4 in line with horizontal swing high resistance.
Alternative scenario: Alternatively, price can potentially dip towards our 1st support at 1646'4 which is a graphical swing low and also in line with 78.6% Fibonacci retracement .
Fundamentals: No major news.
SOYBEAN FUTURES (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1751'4
Pivot: 1639'6
Support :1581'4
Preferred case: With price moving above the ichimoku cloud, we see the potential for a bounce from our Pivot at 1694'2 in line with 38.2% Fibonacci retracement towards our 1st resistance at 1757'4 in line with horizontal swing high resistance.
Alternative scenario: Alternatively, price can potentially dip towards our 1st support at 1646'4 which is a graphical swing low and also in line with 78.6% Fibonacci retracement.
Fundamentals: No major news.
SOYBEAN FUTURES (ZS1!), H4 Potential for Bullish Bounce!Type : Bullish bounce
Resistance : 1751'64
Pivot: 1638'6
Support : 1581'4
Preferred case: With price moving above the ichimoku cloud, we see the potential for a bounce from our Pivot at 1639'6 in line with 50% Fibonacci retracement towards our 1st resistance at 1751'4 in line with horizontal swing high resistance.
Alternative scenario: Alternatively, price can potentially dip towards our 1st support at 1581'4 which is a graphical swing low and also in line with 61.8% Fibonacci retracement.
Fundamentals: No major news.
Soy Beans Futures(ZS1!), H4 Potential Bullish continuation Type : Bullish continuation
Resistance : 1747'2
Pivot: 1656'0
Support : 1625'6
Preferred Case: On the H4 chart, price is near our pivot of 1656'0 in line with horizontal overlap support and 38.2% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 1747'2 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement. Our bullish bias is supported by how price is moving above the ichimoku cloud .
Alternative scenario: Alternatively, price may head to our 1st support at 1625'6 in line with the 61.8% Fibonacci retracement level.
Fundamentals: No major news event.
Soy Beans Futures (ZS1!), H4 Bullish Continuation.On the H4 chart, price is near our pivot of 1651'2 in line with horizontal overlap support and 38.2% Fibonacci retracement. Price can potentially rise to our 1st resistance level at 1739'0 in line with the horizontal swing high resistance. Alternatively, price may head to our 1st support at 1582'6 in line with the 61.8% Fibonacci retracement level. Our bullsh bias is supported by how price is moving above the ichimoku cloud.
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Title : ZS1! (Soybean) , H4 awaiting bullish confirmation Title : ZS1! (Soybean) , H4 awaiting bullish confirmation
Type : Bullish continuation
Resistance : 1755'2
Pivot : 1632'4
Support : 1578'2
Preferred case: On the H4 , price is near pivot level of 1632'4 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci projection. Price can potentially go to the swing high support of 1755'2 in line with 78.6% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator
Alternative scenario: Alternatively, price may dip to the 1st support level of 157982 in line with 78.6% Fibonacci retracement.
Fundamentals : No major news event
Short Soybean (weekly Chart)In daily Chart we are seeing an RSI divergance combined with
high selling volumes,
a bearish candlestick top,
as well as a RSI divergance between highs from May 2021 in the weekly chart.
The area of resistance is valid since 2008.
I think we will get a small pullback before breaking the risistance later this year, if a financial recession occures in a few months.
Feb 28, 22 Soybean Update-Sell DelayedSo my original prediction of a Soybean Sell Order is certainly delayed for a few weeks and maybe even a month or two. As you can see from the monthly chart, we are on our way to levels not seen since 2012, almost 18!!
We did have a couple days of some dramatic fall in price, but then right back up again. So I will delete my original Sell order and wait for a top sometime over the next month hopefully and sell then.
Stay safe.
Heiko
Soya bean is good for healthRead articles here , here and here .
It has since gone up 20+% since the low in March around 790.
I think this bullish trend is far from over and there are still ample opportunities for traders who are keen to long it.
I would await for a correction (around 960) to get in. At this juncture, I think it is a little overbought and a correction is necessary before it can goes higher.
BTBD: Buy the bean dip?The world in general, and fertilizer prices in particular, are alleged to be going to Hell in a handcart. Infernal scenarios aside, a mean-reversion buy in soybeans off the bottom of the current trend channel could make sense. Beans have been a bit volatile lately, so watch this trade if you make it.
Feb 23, 22 Soybean Sell UpdateSoybeans have been on a tear for over a month now. Apparently weather is to blame around the world. Too much rain in some countries and too little rain in others. China has just released tons of Soybean from their reserve supplies to help fill the growing gap.
Word is it's going to be Mid March at least before there could be any relief. By then, I believe my Alligator Indicator will almost be up there in my Sell Area of 1520.
Note the second wise man circle a few weeks back?? Usually, BUT NOT ALWAYS, indicates a possible sign of price reversal?? This is one of those times where price did not reverse and price just kept on going up. This is why we must trade with our 5 rules, always using good money management.
I will keep you updated - I'm hoping once price starts to fall, it will fall heavily so we can make some good money :-)
HEIKO
