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XK1! trade ideas

Soybean Futures ( ZS1! ), H4 Potential for Bearish DropTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1514.00 Support: 1490.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly drop from the pivot at 1514.00, where the 23.6% Fibonacci line is before continue heading towards the support at 1490.75, slightly below where the -27.2% Fibonacci expansion line is. Alternative scenario: Price may head back up to retest the resistance at 1535.00, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
The Bollinger Bands are Squeezing the Juice out of GrainsSoybean short swing trade: The Bollinger Bands width has narrowed to 2.56% of price which is a level not seen in over a year. A new 6-month or greater low in bandwidth indicates that a volatility squeeze breakout is likely upon us. Similar volatility squeeze situations exist in wheat and corn but they both broke to the downside significantly last week. Wheat was -6.42% on the week, corn -4.21%, and soybeans lagged at -0.20%. Soybean price reached the lower parabolic SAR which is a signal to short the volatility squeeze. The stop loss is positioned at the upper SAR for this trade. A stop above the 20-day SMA would be more conservative. The overarching price pattern is a rising wedge with what appears to be a fake breakdown in late January. If we hold below the 20-day SMA it will roll over in 3 days. Wheat shows a similar setup already occurred a couple weeks ago but it was a head fake to the upside. There is risk in wheat being at the recent low pivot for the 3rd time. It could moon from here like gold did after making a triple bottom. Note the gigantic head and shoulders. Wheat: Gold: Note the lack of a Bollinger Band squeeze at the pre-moon triple bottom: Corn also shows a similar setup, but there was no head fake, it just broke down out of the band squeeze. Corn: Soybean Crush spread: It appears positioned for a big move in either direction. Seems likely to bounce back up in concert with a soybean drop. It’s in volatility squeeze territory as well. Oil: The mother of all commodities has an inverse head and shoulders continuation pattern suggesting more downside: tldr; short soybeans
CBOT:ZS1!Short
by Skipper86
2
Soybean Futures ( ZS1! ), H4 Potential for Bearish DropTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Alternative scenario: Price may head back up to retest the pivot at 1492.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!
by Tickmill
Soybean Futures ( ZS1! ), H4 Potential for Bearish DropTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Alternative scenario: Price may head back up to retest the pivot at 1492.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1535.00, where the recent high is Alternative scenario: Price may head back down to break the pivot at 1492.25, where the 38.2% Fibonacci line is before heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!
by Tickmill
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1535.00 Pivot: 1492.25 Support: 1457.75 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 1535.00, where the recent high is Alternative scenario: Price may head back down to break the pivot at 1492.25, where the 38.2% Fibonacci line is before heading towards the support at 1457.75, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Short
by Genesiv
ZS1! Potential For Bearish DropLooking at the H4 chart, my overall bias for ZS1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1509.00, where the 38.2% Fibonacci line is. Stop loss will be at 1537.50, where the recent high is. Take profit will be at 1465.50, where the 38.2% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CBOT:ZS1!Short
by VantageMarkets
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv
1
Soybeans Ten Month Buy Signal The Soybean futures market is generating a buy signal based on the monthly time frame based on the "Time@Mode Methodology". Notice the 8 month sideways action around the green horizontal line in 2021 which set up what turned into a 7 month rally into June 2022. When "time expires" the market tends to form a new mode at that price level (within the range of the 8th month) or it returns to the mode previous to the trend. You can see there was a sharp move down in July 2021 but it didn't return to the old mode, which is constructive long term. The white and yellow projection lines are the previous two rallies added to the current "mode" at 1434'2. The green box is the range around the mode added to the mode to provide 1x and 2x's that range for a price projection potential. The 50% speed line is a reference line to indicate if the market is holding above the half-speed of the move from the lowest low to the highest high. You can see clearly that the 50% speed line held in that pullback in July 2021. This has been a long time building this mode and the bigger the mode, the bigger the rally. The risk is a move back under the mode, which is the December low. Wishing you all well. Happy Holidays and Happy New Years!! Tim 1:48PM EST 12/23/2022 1490 last $ZSK2023 Wishing you all the best
CBOT:ZSK2023Long
by timwest
1
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 1508.75 Pivot: 1469.00 Support: 1423.25 Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is. Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is. Fundamentals: There are no major news.
CBOT:ZS1!Long
by Genesiv