SOYBEAN - wyckoff accumulation3 Monthly turnaround on wyckoff accumulation
also a monthly reversal
On week timeframe it also looks like a reversal. the price is pushing the upper boundary of the sideways.
Market insights
Soybean: Support and Bullish Divergence on 1HSoybean is currently finding support and has formed a bullish divergence on the 1-hour chart. This setup suggests potential upward momentum.
Soybean rebound in an important zone. Time to flyNow soybean is in an important supply zone and ready for an upside movement.
Levels are signaled in the chart
Good luck!
SOYBEAN, UPSIDE REVERSAL has started. Plant your seeds now!SOYBEAN has been a long term downtrend for quite sometime. But latest data metrics is already hinting of huge turnaround soon. Massive reversal is already in order.
Long term shift has been spotted at the current. Histogram data is already suggesting weighty net positions at the current range conveying the first stage of significant price growth ahead.
This elusive signal is very rare as it took 15 months before it resurfaced. Last one was on February 2023. You know it's a big deal when this happens.
We are at the early stage of accumulation -- good news for those who like to seed now.
Good harvest awaits. A very good one.
Spotted at 1200.
Interim target at 1500
Long term: 1700
TAYOR.
Trade Safely.
Soybean retracting to 0.618 fibonacci levels. Looking for 1325After a good impulse, Soybean has retracement the 0.618 fibonacci levels and now I expect to continue its travel to 1,325 aerea. Risk-Reward are very attractive.
Good luck
Soybean rebound in a down channel, good risk-reward opportunitySoybean rebound in a down channel; good risk-reward opportunity.
Price and levels are in the chart. Good luck
Soybean Oil Double TopA 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.
soybeans about to run upsoybeans about to run up
will love to see 6951 level purge then run into the weekly FVG
not a trade advice
Soybean OilNFA - Charting to begin testing a theory.
Red to Red// 38% fib zone to -27% reversed Fib.
++M's and W's holding strong s/r zones
+curved TL
+macro outlook on soybased food
//commodities v USD
SoyUsd shortDescending triangle and an M formation. EMA crossover (10/20), MACD below 0. the rectangles are possible reversal zones.
Descending Triangle on Soybean Oil, Target at 3755Trend Analysis
The main view of this trade idea is on the 4-Hour Chart. The commodity soybean oil (SOYUSD) is in a descending triangle setup pattern. The resistance line is seen with lower highs on 7200 and 6495 respectively. The support line is observed around 5450. A breakdown in support will take SOYUSD towards 3755. A negation of this pattern will be seen if the commodity breaks above the resistance trend line, above 6490.
Soybean Oil is in a sell mode as it approaches support around 5450 on the longer termed Daily chart.
Technical Indicators
The technical indicators are bearish for SOYUSD. There has been negative crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is trading below 50 and there has been a negative crossover on the KST as the commodity’s price approaches support.
Recommendation
The recommendation will be to go short at market, with a stop loss at 6490 and a target of 3755. This produces a risk/reward ratio of 1.68.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to Soybean Oil.
Soybean Oil Positioned to Move Higher to 6700 Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. Soybean Oil (SOYUSD) hit some resistance around the 6315 price level and declined towards 5845 where the commodity found support. SOYUSD is rallying to re test 6315 resistance. Expectations are for the commodity to breakout higher and target 6700. Failure of this move would occur if SOYUSD decline towards 5800.
On a Daily Chart there has been a trend change from early September for the commodity to make a leg higher.
Technical Indicators
SOYUSD is trending higher with positive crossovers on the short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The commodity is trading above the respective MAs. The RSI is above 50, indicating a bullish price move. This is corroborated by the KST in a positive mode.
Recommendation
The recommendation will be to go long at market, with a stop loss at 5800 and a target of 6700. This produces a risk/reward ratio of 1.66.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
soybean oil: Do we have a double top here?comments on the chart. Please note a proper technical double top pattern is only confirmed when the 4100 area is broken to the downside. But we are speculators and if you, like me, have another reason to test this then go for it otherwise wait for the break
SOYBEAN LT buy opportunity SOYUSD overall in uptrend, looks bullish, waiting for retracement to the marked area and when it gets there pick up some longs as bulls come into the market. SL ideally below swing low. It bounced off 10.7/10.8 tops previously so do not be too gready with targets rather bank sth than end up with a loss.
Soybean - Weekly - Time to plant the investment seed.With all the hype about volatile cryptos, sky rocketing indices and fluctuating currencies, the world has forgotten about something that feeds us all.
Certainly, when there is no shortage, why to bother, right? Human nature... A lot of people like fried food, well guess where some of that oil comes from?
From the fundamental side, if inflation starts hitting higher levels, then we can expect that to have a direct effect on the commodity sector. Logical.
Some reports say, that Hedge Funds are starting to change their bearish outlook on agriculture to a more bullish. Positions are being taken slowly, as everyone is still trying to squeeze everything out of equities.
The world's biggest suppliers are situated in the North and South America. We didn't have any serious cataclysms, affecting the crops for quite a while. And we all know that these things tend to happen.
From the technical side, we can see that the chart is forming a triangle and at the same time, a potential squeeze is developing. My view is that this triangle will get broken and we will see some good moves. I believe in the upside. Will that be the case? Can't say for sure. But we are all in this speculative game.
My target for now is 10, which is close to 200 MA, that might get broken, if the price get's closer to it.
Take care and keep an eye on the price action!
SOY Crucial timingNice Accumulation, price and time, checked.
Awfully expensive, checked.
Plenty of room to keep falling, checked.
Gapping up quite often, checked.
Definitely not on my plans to trade.
Soy. Stuck in downtrend for 18 months. Turnaround time?Is it time now? If it closes above this trendline by the end of the week, well worth watching and keeping an eye out for entries intraday and daily.
Soybean - First time seeing this chartI was inspired by a friend who was asking me about the soybean. I don't trade this commodity but it was worth looking at now.
See how the price reacted nicely to the Bullish Bat at around 9.17, and now I see a potential Bearish Bat to short at around 10.23
It just goes to show that as long as the financial instrument is liquid enough, there will be Harmonic Patterns forming in them
