SOYBEAN FUTURES - MONTHLY SUPPLY AND DEMAND ANALYSIS
Soybean sold at Monthly Supply Zone -> Destiny: Monthly Demand Zone
I suggest make the following probable trades:
- Sell Soybean until reach Monthly Demand zone
- Buy Soybean from Monthly Demand Zone until Monthly Supply Zone
Despite the news from Ukraine about missile strikes on the grain export ports. We have to take into consideration the top 5 exporters of wheat in the world.
1. Russia
2. United States
3. Australia
4. Canada
5. Ukraine
This indicates that there is still competition for the top exporters. It will be in Russia's best interest to sell as much wheat at the lowest...
Kyiv's goal is to establish direct access for international ships to their Ukrainian seaports for loading grain. However, Russia has reacted strongly to this development, stating that ships heading to Ukrainian seaports may be treated as potential military targets.
The consequences of these actions by Russia have not only affected Ukraine but have also raised...
Keep it simple! There are Planty of strategies out there and any way it's not them that will make you consistent profitable trader.. it's just your mindset and you're risk management.
So find a simple one and just do it!
Next target is 798 if wheat breaks the current resistance.
Two scenarios, either break the resistance or bounce down to create a cup & handle then break resistance.
All indicators imply a move up!
SOYBN/USD Long
• If price impulses up, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity...
Wheat first went up after a long period of preparation to hit and complete a Bullish .886 Harmonic BAMM before then coming back down, and now it looks like it wants to bounce back up from the same area due to there being Monthly Hidden Bullish Divergence at the Previous area of Support, though this time I will be targeting a relatively lower high such as the .786 retrace.
Basis the Kondratieff cycle position we are currently in the summer season (The season of high inflation) which means higher commodity prices. If the preceding Kondratieff cycle is used as a reference or analog we will realize that during the early portions of the summer season agricultural prices advanced the most up to a point (1973) which was then followed by a...
Medium-term deal on Wheat.
Entrance to retest M5 imbalance
The trend is downward, but the imbalance requires a corrective movement
input: 668.3 (on imbalance retest)
stop: 664.1
tp-1: 672.6
tp-2: 681.1
Chicago wheat tried to stage a Thursday recovery but faded a dime from the earlier highs to close 2 1/4 to 3 1/2 cents in the red. Spring wheat prices also faded 5-9 cents from their intra-day highs, but held onto 3 3/4 to 7 1/4 cent gains for the close. HRW futures extended the week’s pullback with another 5 3/4 to 7 1/2 cent losses on Thursday.
The weekly...
hello EVERYBODY.....
==================
sometimes you can get chance to MAKE fast profit you found the right point to enter and exit...
so depending on the strongest support and resistance lines....
we have that chance now to open long position. to 6.21 then to 6.41
and our SL will be on 5.60
==============================
good luck
A test and rejection of initiated resistance is in process on the daily time frame (current chart pic), but has been completed on the 8-hour (my entry chart for this position). I'm only looking for a move down to the most recent swing low, which is about a 3R profit potential.
bounce here and break of 645 should lead to some nice rally, break of 600 round number support is bad news for longs imo.
boost and follow for more, thanks
See Picture For Analysis:
Higher Timeframe (Weekly)
-Price inside weekly Supply-
-Trend = downtrend
-Price below 200MA
-Look for shorts on LTF (Daily)
Lower Timeframe (Daily)
-Daily RBD supply located at extreme of HTF weekly supply
-Valid for short or waiting for new LTF (1hr/30min/15min) confirmation.
-Strong confrimation.
