SOYBEAN trade ideas
Soybeans: Sell opportunity towards the 0.5 Fibonacci.The price reversed the previous bullish sentiment on 1D and is currently neutral (RSI = 48.853, ADX = 28.377, Highs/Lows = 0.0000). The next long term direction should come after a lower test of (at least) the 0.500 Fibonacci retracement level. With 4H already on Lower Highs (Highs/Lows = -0.0750, B/BP = -1.5520) we have a TP = 8.637.
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Looking for a move towards the top of the bullish channel.Direction : Bullish
Entry reason : Rejection of the bottom of the bullish channel.
- Entry: 8.9318
- TP: 9.0360
- SL: 8.8800
SOYBEENS ARE TEH FUTUREThe patterns.... The farmers.... Soybeans are the new corn. Move over high fructose corn syrup. LOL lets get dis bread.
SOYBN USD BUY (SOYBEANS – US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Currently price has completed the B wave, now we are expecting that price forms the C wave to complete the pattern.
So, wait for the price to hit the bottom of the pattern and watch strong price action for buy.
SOY BEAN, past 10 Years. SOY is susceptible to Global Climatic Disruption. The search term is Grand Solar Minimum and the Warnings have been aired via ' Adapt 2030 ' Clim
Thy current Winter is giving all the confirmation a trader needs to bank on the disruption to the agricultural outputs around the Northern hemisphere.
The Steep Red Horn rooted 28 Mar '16 points to a very possible outcome consistent with this 'alternative' climatic model.
Price of Soy doubling by 2020 ? S =
the parabolic Picture is not supper explicit on this. Not yet. However the convergence of several trend channels supports 15 -16 far out 2022. A sudden rise to Dashed Blue is logical, given what we know of Global weather in the independent circles.
I would like to understand what apparent causes are available for the 2014 price collapse. As well as the March to May '16 sudden climb . Thes historical movements have to be compared to the previous instances of the corresponding latter price levels. Compared from an agricultural perspective. Any wise fellow reading this ?
The current local picture will be examined soon. Parabolic support is a novel and distinct method of technical analyses.
Soybeans. room above.research Grand Solar Minimum and crop disruptions.
that upside , 2013 levels of trading can be revisited, if the world continues on its global weather extremes trend.
I need more information on agricultural facts and incident climate and market trend.
this is very abstract, for such a basic commodity. Trade disputes are as important as weather trends.
Corn Long Term Long Opportunity 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 trade, tread carefully and keep an eye on fundamentals.
SOYBNUSD SELL FOR SHORT TERM, BUY FOR MEDIUM TERM.Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for sell. On bigger time frame, price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Support is closeRising support line just above 8.75 and indicators reaching oversold. A bounce at support provides a potential long entry.
SOYBEAN (SOY/USD)The soybean market is moving in a gradual uptrend and forming a channel. However, there is an opportunity for a short position because of a bearish flag pattern forming and the fact that the price is nearing the channel resistance. Also, the price could form a double top pattern as suggested by the red rectangle forming a horizontal resistance zone.
Hidden Bullish Divergence on SoybHidden bullish divergence, higher lows and higher highs. Technicals oversold. Short term target 8.86. Longer term target 9.20, 9.40, then 9.60.
SOYBEANS: WAVE COUNT / WXYXZ (TRIPLE THREE - BULLISH ) SOYBEANS: WAVE COUNT / WXYXZ (TRIPLE THREE - BULLISH ) OR WXY (DOUBLE THREE - BEARISH)
Soybeans: Looking For More UpsideComments on the chart
This idea is tosh if price breaks below the lower uptrend line
Soybeans Buy setup developing
Soybeans recently broke out to a new high and managed to spend some time above the 9.00 mark before the 200 day moving average and the top of an ascending channel forced price back down. It is now stalled at confluence fibonacci support and a parallel of the lower trendline of the ascending channel, with the bottom of the channel very close below. An aggressive approach would be to buy in at the appearance of a positive closing candle. Otherwise a more conservative approach would be to wait for a daily close above the 50 day moving average. Given the time of year the conservative approach seems to be the more appropriate option. Initial target will be 9.00 and a break below the channels lower trendline would invalidate the bullish bias.
Shorting soybeansThe high may be the top of intermediate wave 4. Looks like a double combination since the selling climax
Expect the market to test the low of the range in an impulsive 5 wave move down into a spring.
