SX 2/14/17Currently at a pivot spot. 1028 to downside if it doesn't hold. 1080 upside if catches a bid but I'd say is the more unlikely situation.
XK1! trade ideas
SOYBEANS watch for a buy.Hi guys,
The ZS1! soybeans looks good for a buy. Lots of technicals supporting upmove. A breakout would confirm nice upside. Use your tested trading strategy to trade this move, if you don't know where to enter and exit this trade, you are NOT ready to trade live funds.
All the best,
Tom
SoybeansMay Soybeans rose out of a tweezer candlestick reversal today. May see another up day tomorrow. Seeing that beans are pressured by Brazil harvest, we consider this a retracement and fall into bullish Butterfly. Suggest 50% or 61.8% next target. However, open interest is still rising and we are still in an uptrend. If market continues up, possible double top.
SoybeansMay Soybeans has rebounded slightly off of the 20 day moving average. A bullish flag is still intact. Will South American beans be a factor in an upsurge for this market. Time will tell. Friday didn't quite produce a "Harami" reversal pattern. The real body of the candle wasn't fully in the down candle. However, we still may see an up day tonight and into the next day. The coming week maybe a buying opportunity.
SoybeansMay Soybeans continue a bullish flag, however there could be an interpretation that 3 black crows have appeared in this flag promising more downside. There is suggestion from fundamentalists that the crop in Brazil and Argentina is now being harvested and may slow this bull run, so be cautious. A Gartley pattern would end just where the market is right now.
Soybean MealApril Soybean Meal is bullish flagging as well. Sticks are on the high side of the channel. Look for break up in the next day or two. Potential run up to 380 Butterfly. This market opposed to the Soybean market is more overbought, however this hasn't affected these markets. Be cautious.
SoybeanThere are strong flag signals in a lot of markets for the coming week. May Soybean is creating a bullish flag. Tails on candlesticks are rejecting lows. Look for this market to go up either Monday or Tuesday. Support at 1069
SoybeansMarch Soybeans were up again today, but traded back. Possible pause before heading higher to complete the Cypher pattern. See 1030 as support and the 20 day moving average at 1025'4. Headwinds will come in at 1071'6 the last top.
Soybeans Up SharplyThursdays report came in today. March Soybeans up sharply with a bullish USDA report pushed down production estimates lower than expected. Changed pattern from butterfly to Cypher pattern with extension. Next target for bulls is in the 1060 area.
SoybeansMarch Soybeans showed a little upward movement. Looking for Thursday's report to show next direction. An open Bat / Butterfly pattern is still holding.
March SoybeansMarch Soybeans is wedging down and is looking at a bullish Bat / Butterfly to start the next week. Wouldn't be surprised if Monday was an up day as this market is a rollercoaster. If prices continue to fall look for 966 as the first target with 921'6 as the butterfly end.
CBoT soybeansSoybeans:
We have been calling a bottom in the market about a moth ago and were looking for an decisive advance in price from the 1040/1020 level. However, price has not made the advance but dropped further instead. The pivotal support at 984 has not been broken thus far but the sideways pattern that price has developed during the past 2 weeks does not give us any confidence that the upswing is imminent now. In fact, price has been making lower lows every week during the past month which is a serious indication that more lows are ahead of us before the market will trade up again. At this stage we can even not exclude a possible bear scenario from here with a further 10% loss of value and a tradable low during next month only. The market is most likely to post lower values during the coming 1 or 2 weeks after which we will see whether we still can look for a tradable low or whether we should hold back until mid February. If and when price breaks the 1028 resistance mark we can start thinking about a bull scenario again but for now we want to sideline.
Soybean trade without P/L screens.Monday I will be buying 1002.50 and 999.50 with SL at 992. TP at 1033 and will immediately flip short with stops at 1040. Looking to hold for a positional decline into May 2nd. Target date is the 12th, extension to 13th...that's when TP long and go short.
5 Year inverse cycle on SoybeansHere is 2011 into 2012 showing how the 5 year inverse cycle works. A theory exists that the 5 year cycle in some ways creates an inverse relationship in that major tops 5 years prior are indications of major bottoms in the future and same can be said for bottoms to tops. Next chart I will show you 2016/17
Soybeans set for big decline in first half of year.It is this trader's belief Soybeans are about to lose their 45 degree angle of support on the Daily TF. The actual March contract is already trading well below but on top of it's 45 degree angle of resistance from June top. The 5 year cycle(will show in next chart) is indicating that a big decline is getting ready to take place from January into May 2nd. Monday I will open long contracts at 1002.50 and 999.50, stop loss 992. Will take profit at 1033 and simultaneously flip to short contracts on the 12th. Looking to hold the positions and only add on a possible swing trade to the downside.
SOYBEAN sell set upHi guys, hope you all have had a very merry christmas and new year.
Just a heads up on this one, although it looks like it could immediately go to downside, you would want confirmation of downside, so you want to wait for a structure. It is a possible ABC on the retest so having one more move down seems like a logical idea.
Thank you for your support.
soybean breakoutFirst of all, this is a late analysis but it shows a simple textbook style breakout therefore we would like to share. 3 days ago price broke the wedge and the 200 ma down. Next day a little pullback (should have sold here) and another strong bearish candle. If this gives another chance we would think about selling this close to 200 dma. For now this is a sell
Sell the soybean oil I see a three waves structure and the price consolidates around the high level, which means the price could potentially reverse here, the sl and tp area are those red boxes in the chart.
anyway, the exceed of the 38.30 may invalid the setup.
Success
RandR
Potetial cypher pattern completionLook to buy this market at the .786 retracement of X to C. This would be a cypher completion
CBoT SoybeansSoybeans:
Price has developed an ascending channel during the past months with higher highs and higher lows. The latest EW count suggests that price is initiating a 3 of 3 wave which should make price a considerable move to the upside from here. Ideally, price would correct one more time to the lower and supportive line of the ascending price during next week where price should then find support at the 1020/1010 zone after which is can trade up with the 1100 mark as first target during the first half of January. The 1100 region will offer price some resistance and will probably cause a minot corrective move to the downside after which price can continue its move up towards substantial higher levels. If and when price would go down to the 985 level we will have to reconsider our bull scenario
