CBOT:ZM1! Self explanatory.
Weekend Market Updates & Analysis 4 Oct 2020 What Happened 1) FCPO opened higher Monday and then traded lower by Friday, closing near the low of the week. Recap from last Weekend’s update. You can read last week’s update here: Weekend Updates – 27 Sept 2020 | CPO, Soybean, Soybean Oil & Currencies 2) On Point: 58, 59, 60: In my last update, I have said that...
It has been a long time since my last Soybean forecast. It is time to pay attention to this market. It is setting up for the decline. Commercials are heavily selling, the seasonal tendency is to the downside, and Insider Accumulation is turning bearish. So, if on Monday we get below Friday’s low, that will be a sell signal. However, it seems like it will take more...
Weekend Market Updates & Analysis 27 Sept 2020 Where we are 1) The market opened higher on the 21st, and started to sell off in the afternoon throughout the whole week, and had a short covering outside up bar on Friday on some short profit taking. 2) When I was writing the last market report, prices was still very bullish and there was no indication of any...
Weekend Market Updates & Analysis 20 Sept 2020 1) Hello All, been a while since my last market updates on 27th March 20 when the market volatility was very high and the “Everything” sell off occurred. A few of you have been asking if I would restart my writings and thoughts of the market, and I too thought I should restart it. It helps me think through all of the...
I have been reading the marco drivers on it's run up and the marco on why I think it will drop. man oh man... serious momo behind this commodity. Ok, now at a pivot point, previous resistance, for an engulfing on daily. heatmap indicator overbought all day. 2:1 RR 1% risked. Off the top of my head... I have had a couple great wins with this bean.. then a few...
Let's try this again! Short. Nice Shooting start on the daily... 2:! RR 1% risk.
Not often we see parabolic curves in traditional commodity markets. It will be interesting to see if the parabola continues or if the chart morphs into something else
Hello traders, Soybean meal made a five-wave decline, down from 336.4 level, which is a strong indicator that bears are taking charge in the near-term. We can see a completed five-wave move at the end of May, when price started again recovering, however only for a three legged move. We believe a flat pattern is unfolding within a higher degree wave II now,...
We already talked about coming decline in Soybean and finally, we are close to an entry. Commercials are heavily short and evaluation index shows Soybean is overvalued. If on Monday, we break below Friday’s low to form a lower high, that’s our entry. Otherway, wait till trendline breaks.
SOYBEAN is heading toward the 903 level. If it breaks it, there is a high probability for it to test the PINK trendline and even breaks it to attain the YEARLY HIGH price of 961. This price is very important for SOYBEAN market. If it breaks it again, there is a high probability for the price to skyrocket to the higher levels in YELLOW (1010,2) ORANGE (1069.2) and...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
The SOYBNUSD, symbol ZS, is in a Bear Market Rally within a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the c-wave of an x-wave before a final y-wave down. The long upwards candle wicks,...
I don't know what quite else to say! My previous Idea unfolding into the bigger picture!
The figures for soybeans contain a good risk / reward ratio (1: 3). Stoploss: 8.931 Goal: 10.24 There may be some relaxation in the first place, since I don't want to forget, I have already shared my analysis.
A nice rising wedge pattern is forming on this chart. It would be wise to enter a short on the break of the counter trendline on the weekly chart. The market is largely in a bearish move that can be maintained if enough sellers creep in.
OANDA:SOYBNUSD chart on daily time frame interestingly forms an inverse head and shoulder pattern and makes quick breakout upwards. We are yet to test the support and see if it can bounce of that levels. Currently its at a short term resistance zone where a lot of price action has taken place in the past. The story so far, we saw a dramatic and sharp fall in...