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Nov-Nov Soybean CSONov-Nov Soybean CSONov-Nov Soybean CSO

Nov-Nov Soybean CSO

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QS21! trade ideas

Soybeans showed the direction first in agri spaceWeekly: - Ichimoku setup is bullish, with some resistances ard 1100 and 1150! Chikou also hits past thick Kumo cloud. - Heikin-Ashi has been extremely powerful for 8-10 weeky, but now haDelta shows some loss of extreme momentum. - Pull back to 1000+ can happen... if we are lucky... as there for sure we'll have t look for long entry again! Daily: - Wonderful trend in Ichimoku. Price has been clearly above Kijun Sen since start of March! - Heikin-Ashi setup has bullish bias, but candle pattern and haDelta may tell us the story of a possible local top building here. Do not short this market! No top hunting! We rather have to watch for buy signals ard 1000-1025 support zone.
CBOT:ZS1!Long
by Kumowizard
Soybeans CBoT N16Soybeans: Nothing much changed from our picture of one week ago: price is still in an impulsive move up and has made a 3-day corrective move down after the very strong soar of early last week. The pattern of the corrective move down during the past 3 trading suggests that there is more room to the upside. The soar of May 10 took the price from, roughly, the 1030 level to, roughly, the 1080 level. We favor a continuation of the move up from here starting Monday to, roughly, the 1020 zone with a possible overshoot.
CBOT:ZSN2016Long
by Remko
Soybeans Long PlayPrice did not make the corrective move down to 975 during last week as was preferred by us but rather traded a sideways pattern between, roughly 1010 and 1050. It doesn't change our general expectation of the development of this price but we need to adjust our preferred path a bit. We take our view to the upside from here and have a bias with 1100 as target which we would like to see reached latest by the end of May. If price breaks the 1000 level, however, we will have to go back to the drawing board again and start considering the correction down after all. For now we are in for a 5% swing up from current levels.
CBOT:ZSN2016Long
by Remko