SJC1! trade ideas
Week 34: ZSX 2020 Slight bullish sentimentCurrently the price is soaring up to the upper part of the zone and if we look to the left, we can expect the price to move sideways before collecting the Supply Zone.
Despite being bullish bias, I will not buy at market, instead, I prefer to buy at a better price (discounted price).
My trade opinion on ZSX 2020 is as follow:
Buy Limit at $902
Stop Loss at $893
Take Profit at $918
Risk Reward Ratio = 2.13R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Soybean export prices on the rise.Soybean export prices rose in July ‘20 averaging $364/ton an increase of $14 from June. Oilseed production is forecast at 610 million tons, up 6 million from July ‘20 due to an increase in soybean crop in the U.S. The U.S. Farming Department on Thursday said Chinese purchasers booked arrangements to purchase 197,000 tons of U.S. soybeans, the seventh weekday in succession that the administration has detailed a deal to the world's top purchaser of the oilseed.
In a different report, USDA said week by week send out deals of soybeans through Aug. 6 added up to 2.13 million tons, the most since November 2016. USDA helped its 2020/21 U.S. soybean send out gauge by 75 million bushels to 2.125 billion bushels in its month to month World Agriculture Supply and Demand Estimates report it delivered on Wednesday.
Soybeans futures rose 1% during this morning's European session recapturing the 9th July highs (908.9). Large and small speculators have significantly increased their bullish exposure to this soft commodity, while Smart Money Hedgers are heavily net short. Sloping trendline resistance zone (1) now joins with 61.8% fib retracement, taken from the January highs of this year and the lows of April, which could provide a good selling opportunity. Above resistance at (2) negates this downside view. Above 930s puts the Bulls firmly in control paving the way to 960s as a first target to watch for (Jan Highs)
SX20 Soybeans Nov LONG w/ large upsideSure, many people don't get excited about Soybeans when market volatility is moving, COVID is a story with vaccines introduced and Gold rocking the world of some...but, Grains like Corn, and Soybeans I believe are about to move North in a BIG way. Look at the chart going back for a couple of years and you will see a big bullish Gartley, 1/3/5 bottom pattern, and the newer bullish Gartley that are yielding positive results today with a break out candle.
Good trading everyone and be safe!
8/12/20 Jason Roose, U.S. Commodities, says that this August report is different than last year's.
“The difference is that the expectations for an increase in yield, production and carry out for corn and soybeans eliminated any shock this year, with increased yields for corn of 3.3 bushels and a 3.5 bushel soybean yield. Plus, production increases in both corn and soybeans left very little bullish surprises on this report. But, key to the numbers released today is how much of the premium is dialed in. With 2019 world ending stocks lower than expected for corn and soybeans, combined with the weaker dollar, that scenario could offset larger ending stocks," Roose says.
SOYBEAN IS TRYING TO MOVE AWAY FROM DOWNTREND - ZS1! - 30MNWe have observed several forces acting as a brake and pushing the price above the red down trending line. But a very strong squeeze front last tops have seen the market being inconsistent with its which to move upwards.
The two horizontal black lines are the new tops and bottoms of the horizontal trending range.
We could observe during this week a market which will try to break above by going directly to it or by finding first a a support point on the top of the red down trending line. The probability to see the market breaking above the black resistance line is less likely than seeing a pullback down again at that level. It could probably be a good sells entry point (possibily from Thursday). For the moment the last volume have shown signs of a force pushing up against sellers.
Keep an eyes on the $900 mark, still legit and try to trade it during the morning Asian session (Tokyo time from 9am30 to 12pm and opening of the Frankfurt & London 8am to 10am GMT0) as it is more stable and easy to read.
Soybean - 2 possible entriesWe 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.
weekly SOYBEAN FUTURES analysisHello everyone
the weekly graph of this market shows the downward trend in the next week but it is necessary to wait for the breakout at 858.05 level for seller entry and be sure of gains
also we must be vigilant of the change in the direction of the market
please subscribe for more details
BUY SOYBEANSOYBEAN 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 RED (1179.6).
ZS1! LONG TRADE IDEAEURAUD H4
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Analysis:
Big time frame
-Weekly has Price Action signal - big bull bar breakouts the daily resistance so the trend will go up to test the supply zone
Trading time frame
-Daily has big bull bar breakouts the daily resistance and pin bar rejected daily resistance, tenkan sen & kijun sen . The movement will go up to test the supply zone 1st
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Action:
-Wait:
1. Kumo cloud change color in daily time frame to confirm
2. RRR 2:1
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Bigger time frame weekly chart:
