Remko

Remko

Wheat: We still do not see a lot of possibilities in this chart and, after having made wrong conclusions twice in a row, we want to wait and see what develops from here. We have a drawn a possible scenario on the chart which we will keep look at but looking is all that there is to be done as far as we are concerned.

Remko

Corn: Price was severely hit during Tuesday's session which teaches us again why stops are so important. We were enjoying a nice ride up that started during first half of May and price is now traded down back to exact that level. This is why one should never forget to gradually take profits from the table and to maintain disciplined stops on basis of both...

Remko

Beanoil: Nothing much to add to the chart of last week. Price is performing as per our preferred routing although we still need to see the 31.42 low of May 23-25 to be taken out. Thus far price took out the most recent low of June 16 at 31.75 and the impulsive character of last Friday's session indicates that the 30.50 level should be reached by the end of next...

Remko

Soybeanmeal: Price did not perform as we were expecting last week and lost its support of the lower line of the ascending price channel after which it broke out to the downside already early in the week. We believe that wave (3) has been competed and that price will now perform its corrective wave down to the 340 region. We missed a possible short play and jumping...

Remko

Soybeans: Price did not bounce on the lower line of the ascending price channel as we expected and broke through its support to the down side. Price tested same (now former) supportive line which has now become resistance (although we keep it drawn in green for now) during Thursday's session and traded impulsively lower during Friday's session. Price has completed...

Remko Updated 

Corn: Price made a very strong move to the upside last Friday and posted a new high for the contract. If a price posts a new high it is usually a sign that it wants to trade even higher (and the other way around) although there is no guarantee for that. More significant is that price closed at/near the HOD (high of day) which is a bode for a higher opening for the...

Remko

Wheat: Our last week's sell stop was hit and within 3 sessions our stoploss was hit as well. We have been uncertain about this market for quite some time and stepped in based on an analysis that proved to be wrong. Time for us to leave this market in peace for a while and to see what happens next. No need to dance on all parties.

Remko

Beanoil: Price made a solid move up during an 'inside day' session. The advance in price was stronger than what we would have liked to see but the overall picture of our bias does not change. We anticipate lower prices but we would like to see the lows of May 23&25 at 31.42 to be broken after which the door will be open to an acceleration to the downside. First...

Remko

Soybeanmeal: Price develops very similar to the soybean price. Price reached the lower end of a very steep and rather narrow ascending price channel and bounced up during Friday's session. The candle to the day was a Bullish Engulfing candle which is a reliable reversal pattern. We are looking for price to move up during the coming 5-10 sessions to the upper...

Remko

Soybeans: Price reached the lower boundary of the ascending price channel and bounced up from there during Friday's session. The candle was a Bullish Engulfing candle which usually is a very reliable reversal pattern. From here we favor a move up during the coming 5 to 10 sessions to the upper boundary of the ascending channel which will offer a short play...

Remko Updated 

Wheat: After price left the woods it advanced rather impulsively which initially made us decide that we were too late to take the ride up and that we should rather let go. In meantime price has made a reversal in order to test the break-out zone where it more or less has arrived at the close of last Friday. It seems that the market is offering us a second chance...

Remko Updated 

Beanoil: Price made further advance during the past week and hit our stop. One could argue that our stop was too tight but, as a rule, taking a loss is a very healthy thing to do and the saying that 'the first loss is your best loss' makes a lot of sense if one thinks about it. So does the saying 'if you are not prepared to take a loss you will, sooner than...

Remko

Corn: Nothing much new on the chart that would make us change our views. The weekly chart (not displayed) is showing a very long topping tail that could indicate the bulls are running out of air but we would need to see a confirmation of that after the next weekly candle only. Price almost reached our 2nd target at 450 during Friday's session and we have trailed...

Remko

Soybeanmeal: Price has bee trading extensively beyond our price target and could well be at the end of its current wave. We see mixed and contradictory signs in the development of this chart and want to see a clearer picture develop before taking any action. The upward potential from here obviously is very limited so that is not an option to consider at all but at...

Remko

Soybeans: Price reached our target some time ago already and is performing an overshoot which is nothing unusual as it is just not possible to predict exactly where the waves will end. The EW principle gives us a complete count but that doesn't mean that a top is on the chart indeed already. Taking a position just on basis of the fact that you can see the EW count...

Remko Updated 

Beanoil: Price traded further into its resistance area of the 3200 level and actually traded higher than what we would have liked to see. For twice in a row (Thursday and Friday) price traded into our pre-set stop-loss zone but still closed below same stop levels and we are still in position. Even though the resistance zone is tested more severe than we initially...

Remko Updated 

Wheat: After about a month of moving back and forth in a zone that we described as 'the jungle from where we do not see the exit' the price has come out of the woods on the upside. This encourages us to have a look at possible long play. However, before we will feel comfortable to entertain a long trade we first need to be sure that this is not a bull trap. If we...

Remko

Corn: Price traded further up and reached our first target which is not a reason for us to square the position but rather to trail our intra-day stop up to a level where we optimize the profitability of the position just in case that the picture radically reverses. We would like to see a bit more impulse of the move up during the coming week in which case we will...