Undoubtbly corn futures and soy have suffered in recent times,
However through FUNDAMENTALS, and ongoing trade neogiations, I am looking for a long term view that prices will rise.
This is a market where we still may see a decline in price to possible 8.500 region, however OANDA:SOYBNUSD the long term outlook is very much to the upside.
This is medium risk...
Supply and Demand levels for Soybeans / 60
Dark red = Fresh supply zone
Light red = Re-tested supply zone
Green = Fresh demand zone
Light Green = Re-tested demand zones
Short term analysis:
Price is moving in a bullish channel with price pulling back from Point of Control (VPS). Lower channel trendline is close to two fresh demand zones supported by high...
The market had been in an uptrend after that had made deep correction and formed bottom. The price started to make higher highs and higher lows which is indicator that the marker is preparing to get back in an uptrend. The 200 EMA is also pointing higher. Set a limit order which was activated after that the price went against me but didn't manage to hit the stop...