ZS, ZM , statusSoybean sitting on remounted 20 and 50dma, holding and basing so far. Long launchpad in the making. Caution, only experienced traders, dangerous beast.
ZS1! trade ideas
Soybean Meal Head and ShouldersJanuary Soybean Meal creating a head and shoulders and bearish Cypher pattern. Waiting for break through 311.8 for confirmation. There is also a bearish flag further suggesting a fall. First downside target 306.9 at S2. Market below the 20 day moving average and on the bottom side of RSI as it trends horizontally.
January Soybean Still BullishJan Soybean maybe turning back up off new pivot point. Target R1 at 1006. Gartley pattern still holding. Once harvest is in, may see market strengthening.
January soybeans sell ideaIf beans fail this triple top and break 976'0 I am expecting lower prices to follow
Bullish beans pending breakout New crop beans are a little indecisive here at this point in time. But there are a few key indicators pointing to a movement upward.
1. Fundamental Analysis:
- China has been on holiday the last week. beans are cheap when comapred to rest of global market.
- China needs to buy beans for nov coverage.
-when they get back you will see big buying which will allow us to have good exports.
2. Technical Analysis:
- stoch looks promising
- big buying last couple days bringing increased momentum.
- bullish channel forming nicely after bounce from the support
-ascending triangle forming within the bullish channel
Look for a breakout through resistance of ascending triangle, then look for price to test upper side of bullish channel.
If price is held at ascending triangle resistance, look for move to lower side for another bounce off of support.
Soybean Following Uptrend Bullish ButterflyNovember Soybean is following an uptrend. Although today was bearish and probably the next two days next week, we should see another round of buying. Soybeans got hit on the USDA report so not too sure how high this will go. This may be a simple three drives pattern and double top rejection. R1 becomes resistance. Trendline becomes support. Next downside target is at pivot at 955'2, then trend. If trend broken and stays below trendline at the end of the day. S1 at 925'3 will be the next target. Bullish Butterfly is the pattern.
"With production looking a little bigger, futures should battle to hold Aug. 31 lows. The best chances for rallies in the short term come from weather in Brazil, where conditions are dry ahead of the start to planting Sept. 15. "
www.farmfutures.com
Soybeans look ready to run againAfter a nice pullback and test it could be time to start another move to the upside as long as 930 holds in Beans!
soybean about to break out of chanel. We have a cit doji, breaking out of paralell channel, definte sell.
Soy beans set up spread longSoy on the year over year spread is getting to its widest point and could be setting up a good buying spot. This is a great way to get long beans from this low with great reduction of buying power. After a confirmed bounce off bottom and if we still have enough time will look to adding a theta component to the trade. Please feel free to ask questions.
Bullish Bat Setup of Soybean MealA bullish bat is being created for October Soybean Meal. Next downside target at 297.9 at two S1s ago. This would bottom out SM on RSI. "Farm Futures expects next week’s USDA report to cut 2017/2018 ending stocks to 415 million from USDA’s July 460 million due in part to expected lower production of 4.214 billion vs 4.26 billion." At the moment predicting Bearish Cypher for next pattern.
Near double topHeiken Ashi confirmation candle on the 1 hour, 4 hr oversold, definetly the start of a change in trend.
SL 1057
SOYBEAN OIL (DAILY)Yesterday soybean oil breakout from sideway with momentum and closed above the blue line. Expecting more upside from this commodity.
The weakest agri, with some interesting divergences
d- No doubt, Soybeans is absolutely the weakes in agri space, it is quite bearish. However there are few interesting signs, which call bears to be cautious.
Weekly:
- Bearish Ichimoku
- Bearish Heikin-Ashi
- Bearish EWO and MACD
- Only questionmark is the 909 key supp/resistance level
Daily:
- Bearish Ichimoku
- Counter trend (swing) bullish / neutral Heikin-Ashi
- What makes me think is the possible bullish wedge formation in combination with quite relevant positive ivergence in EWO and MACD
- Keye reversal levels are: 928 and 946
R&R AKA The Bull's Glare Strategy!Go Long when price trades within the entry or go short when price trades withing the short entry level
SOYBEANS is the downtrend over?Hi guys, I hope you're all having a wonderful weekend.
Very hot in London, and about to have a barbecue and take advantage of the weather! Before that I will quickly post this analysis :-)
SOYBEANS looks good for upside. It looks like the down trend is overextended and the move is over. I am expecting the start of a new trend to the highs from here. Could be an impulsive move, but I will soon find out. I will update this idea on smaller timeframe as it progresses.
Like & follow all my ideas to motivate me to publish more content.
Best regards,
Tom_Killick
Some WD Gann Aplications To Soybean Price forecast on soybean futures for 15th of June. based on "natural trends".
