Title: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance: 418.0 Pivot: 404.5 Support: 399.3 Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bullish . To add confluence to this bias, the price is currently above the Ichimoku cloud which indicates a bullish market. Overnight, price has...
Title: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance: 404.7 Pivot: 392.0 Support: 399.3 Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Overnight, price...
Title: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum Type: Bearish Momentum Resistance:418.0 Pivot: 392.0 Support: 404.7 Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Price has reflected...
Title: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance:418.0 Pivot: 392.0 Support: 404.7 Preferred case: The current overall bias for ZM1! is bearish, according to the H4 chart. To add to this bias, the price is currently below the Ichimoku cloud, indicating a bearish market. However, price has been rising...
Title: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum Type: Bullish Momentum Resistance:418.0 Pivot: 392.0 Support: 404.7 Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. However overnight,...
soybean We expect a decline in the soybean commodity in the coming period because trading is below the critical point of 1509. Currently, the continuation of the decline in wave ((iii)), which may reach prices 1373 or 1302 before rising again.
soybean We expect a drop in the soybean commodity in the coming period since trading is less than the crucial point 1509. Currently, we expect to complete the correction in wave ((ii)), which may reach prices of 1471 or 1480 before declining again.
soybean It is now trading in a corrective wave ((B)) targeting 1521 and may extend to 1536 prices provided that the critical limit at 1784 is not breached. The drop is confirmed by breaking the 1373 point
Soybean we expect the decline in the coming period and the end of the correction in wave ((ii)). and the beginning of the decline. But the main resistance remains at 1432.26. Breaking this level indicates that there is a more corrective bounce, and the bearish scenario is over.
Sharp and strong stamping and we are likely to see it at the very strong demand area from where we get a strong signal that God willing
U.S. corn futures fell to two-week lows and new-crop soybeans hit a six-month low on Thursday on improving crop weather in the Midwest and news of a deal to restart Ukraine's Black Sea grain exports, traders said. GRAINS-Corn, soy, wheat fall on U.S. crop weather, Ukraine exports pact muabanphaisinh.vn
Soybeans Technicals: Soybeans broke lower yesterday, trading right into our 3-star support pocket, 1673-1679 ½. The Bulls have been unable to defend that pocket in the overnight/early morning trade which could take us to our next and more significant support pocket, 1644 ¾-1650. This pocket represents previously important price points and the 100-day moving...
Soybeans Technicals: July soybean futures broke and close below trendline support yesterday which opened the door for additional weakness in the overnight session. Futures have recovered some and trading near unchanged. Previous support is now resistance, we see that first hurdle coming in near 1710. On the support side of things, the 50-day moving average and low...
Soybeans Fundamentals: Yesterday's weekly crop progress report showed the U.S. soybean crop is 88% planted, 70% emerged, and a Good/Excellent rating of 70%. There were no major surprises here. Yesterday's weekly export inspections report came in at 605,129 metric tons, well above the 365,455 last week and 141,320 we saw in the same week last year. Technicals:...
China, one of the largest consumer of soybean oil, has tapered its demand for the edible oil due to COVID-related control measures over the past few months. With new cases falling and lockdown for Shanghai expected to be lifted soon, we see positive demand drivers on the horizon for soybean oil. Restaurants are among the largest consumers of the oil. As consumers...
WHEAT ZW 26 May 2022 The current volatility is expected with close to 90% chance to be below 4.17% In this case, our channel for today is going to be TOP 1180 BOT 1085 -------------------------------------------------------------------------------------------------------------------- CORN ZC 26 May 2022 The current volatility is expected with close to 90%...
CORN ZC Futures 19 May 2022 Based on the HV measures from the last 5612 candles our expected volatility for today is around 1.59% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.99% This is translated into a movement from the current opening point of 15.48 With this information our top and bottom , with close to 85%...
Type : Bearish Continuation Resistance: 85'46 Pivot: 83'76 Support : 82'04 Preferred case: With price expected to reverse off the resistance of the ichimoku cloud, we see a potential bearish continuation from our pivot level of 83'76 which is in line with 50% Fibonacci retracement and horizontal pullback resistance towards our 1st support level of 82'04 which is...