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Soybean Mini Futures

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XK1! trade ideas

Week 04: ZSH 2021 We are entering a ranging weekLet's keep it short, this week the price will be in ranging mode. The range is between $1,338 to $1,280. If you have shorted earlier, you can take profit some of your positions and keep some until it hits full TP at $1,280. If you are a speculator, now it is a good time to Long (buy) the market, but you must exit at $1,338 area; then switch to Short the market. In general, when the market is in ranging, we can scalp it Up and Down. Trade wisely, Trend is your friend.
CBOT:ZSH2021
by machintose
4
Week 02: ZSH 2021 Uptrend Channel, waiting for a breakApology for the late post. Week 02 for ZSH 2021 is still bullish looking. Yesterday on H1, we can see the price movement candle by candle that there were no sign of weakness. In the last hour of market, it created a strong rejection and buyer jumped in with a significant momentum. Let's see on the overall picture in H4, the movement is still within the Uptrend Channel, we only can short the market when we see a break at $1,370 level. As at I wrote this, from H4 down to M5; there are still no sign of Seller coming to the market. Buyer is still dominating the market, be cautious if you plan to long the market. No trade call for this week. -SatayFX
CBOT:ZSH2021
by machintose
Week 01: ZSF 2021 Still Buyer's Market in the early 2021First day of trading in 2021, ZSF2021 is very bullish in the first 4 hours. The market structure is clearly visible in H4, it keeps making a Higher High and we noticed the green candle momentum are relatively stronger on each pullback. Therefore we saw a series of uptrend last month. The current Support level is at $1,320 and currently we have not seen any sellers (yet) in the market. Will the price keeps going up? if there is no significant seller, yes. How high? we do not know yet. What we know, the direction will change when the Seller is bringing down the price back to $1,320 area. For now, no trade call for first week of 2021. Next week I will start using ZSH2021. Stay safe.
CBOT:ZSF2021
by machintose
Soybeans -A Bullish ConceptSoybeans going up. Concepts: My friend and I, drew a straight line on a 1 minute chart, and we called it - "Support". In every time frame we scaled up to, -the line was valid as "support" but changing attributes to candlesticks. Why? Because a straight line is by time, still a flat plane. Great. So what does that mean about chart time frames? Answer that, and you will see many things. I, the Son of Phalo (Pharaoh). K. At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
CBOT:ZSF2021Long
by Khiwe
The bull need to breath - why soybeans is close to a correction.Since the beginning of November, the soybean market has rallied 23.5% on the back of a very bullish story (Chinese demand and some weather fear). We all know that in a healthy and constructive bull market, we always have some profit-taking and dips along the way…Technically the market is showing some exhaustion in the short term, which may bring some profit-taking and downside pressure at the beginning of 2021 (and buying opportunity)…. Today’s price action makes me believe that if we break the lows of 1280 basis SH21, the profit-taking/selling pressure can accelerate in the short term, which may bring prices to the 38% and 50% of Fibonacci retracement levels (blue box). This blue box (1200/1150 interval) is also the level where a big chunk of the recent longs were taken, as we can see in the volume by price profile (horizontal bars on the right). This 1200/1150 area the market will try to defend and is targeting as strong support going into the beginning of 2021!! The bull is still alive and strong going into 2021 - BEANS BACK TO THE TEENS
CBOT:ZS1!
by Dollar-Flipper