LONG SUGAR @ 10.48Technical Analysis:
- Double Bottom at 10.45 from August 2015
- Oversold on daily/weekly timeframes
- Retest of 5monthSMA likely @ 11.50
Fundamental Analysis:
- Look for Brazil Real bounce against USD - this will lead to less selling for $ and more domestic demand in Brazil
- Higher lows since 1985 reflecting growing demand
- Higher energy means more domestic demand in Brazil
- El Nino Weather Pattern could damper production in Brazil and India
Agriculture
1D Rectangle. Scalping.Soybean Meal is trading sideways inside a 1D Rectangle (325 - 341) since late June (RSI = 46.257, CCI = -35.7793, Highs/Lows = 0.0000, Ultimate Oscillator = 49.818). Our optimal strategy involves scalping within 326.60 - 338.10.
ADA / Cardano- Bottom reached?Cardano seems to be following the same or similar pattern as much of the other bigger coins. Big take off and a slow decent to the bottom. Will Cardano become more than a $0.13 coin?
Last week, Emurgo, ADA's commercial venture arm, joined with Indonesias HARA to host Blockchain for Real World Problems in Jakarta. HARA works by providing tokens to users that frequently share their farming and agriculture focused data.
Earlier this year we saw a Cardano price of $1.40. If a bull run were to take place, is it possible to reach those numbers again? How long and what will it take for that to happen?
short the heck out of DEC.soybean meal (SM1!)super promising trade of 1st quarter short the heck out of soybean meal (SM1!) overview of past weeks ytd www.agweb.com and upcoming action www.agweb.com 4Hr DAILY WEEKLY im personally bearish meal due to the huge runup. www.agweb.com "South America Conditions - The 2018 Argentina bean crop is one rain event away from being significantly large. This could hurt exports for the US crop forcing a larger carryout. A supply disruption in South America is really necessary for a significant price increase at this point.
Guaranteed Profitability - I know beans are profitable now and corn is not, so I want to lock in prices." my target of december 2018 contract is below last years low of 2017 at or near 300. aLSO, MY FIRST CHART INDICATOR (ENI) IS ABOUT READY TO BEGIN ENTRY INTO RED ZONE IN A FEW DAYS.
AS ALWAYS DO YOUR OWN DUE DILIGENCE.
Agriculture stocks to grow your wealthHello penny stocks followers,
I am sorry about that I might a bit side-tracked to the cryptocurrencies trading recently.
Here are two penny stocks to buy & hold for longer term.
Do you know both SM1 & A2M was struggling in last 84 days?
A2M just slightly continues to soar after the resistance zone breakout.
In the other hand, SM1 is struggling at the descending triangle pattern. It is at the point 4'.
The 20 & 50 EMA crossover may give you some hints. I may say the safer entry point to be above the previous high (point 3') or above the top of red ichimoku cloud.
I may analyse a bit more penny stocks before Australia Day !!!
October 4 Earnings: Monsanto: Will Growth Overcome Competition?Monsanto's broad array of product offering in the Agricultural space has lead the market in recent years.
The company's Roundup Ready 2 Soybean treatment has been chosen to treat just under 50% of the US Acreage for 2018.
Monsanto's (expected) future integration with Bayer should boost guidance prospects.
However, with mounting expenses with product rollout and legal expenses with the Bayer merger, profits should be under pressure.
The company's sales growth is impressive, but with the continued Agricultural slump in the US, sales guidance should be lackluster.
I'm starting Monsanto with a $110.00 Price Target throughout 2018.
Stop positioned at $125.00 but remains flexible with the broader market.
Corn Preparing to Turn?Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test.
Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of this 09' level over the next year or two that should align with the bottom in wheat. I expect a HUGE rally following that bottom to retest $746.00
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Checkout my website @ PatsTrades (link is on my profile page below my picture) for my analysis on other trades like this and subscribe to avoid missing out on ideas and entries.
Thanks!!
Agriculture at the resistance. Consider going short.DBA (Agriculture ETF) is touching two resistances now so there is a possibility that it will fall down again. But wait until it bounces off and starts dipping.
Precious Metals continue to UnderperformThe fall from the July high is gathering momentum, with prices extending lower into the end of the year.
This is keeping both Gold and Silver under pressure, suggesting investors will maintain an underweight stance.
Whilst prices are also weakening relative to the broad based Commodities Index, managers are now moving cash into both Base Metals and Energy.
Agriculture. meanwhile, is Underweight.
Wheat: We can buy on a breakout of September 22nd's highThis setup should yield a nice up move here, if we see a breakout of this range.
We could enter prematurely, risking a drop under today's low, if the day turns up on Monday as well, but that would be riskier, so if you do it, only take a smaller risk position, like 0.25% exposure.
Today's action accross the board points to a major turning point in the markets, so don't miss out on opportunities like this.
Good luck!
Ivan Labrie.
ZC: Corn has a new potential uptrend signal hereLet's add to longs at market open, there's a chance a second 'Time at mode' signal confirms on close here. Move all stops to Sept. 12th's low, and open a 1% risk long, if we don't retest the new entry stop on close, we can expect a rally to 364'6 by or before October 25th.
We should see a strong rally from here, and at least 3-4% more upside, before a pause in it.
This is an example of the type of work we do with my signals group, so if you're interested in a free 1 week trial, message me.
Good luck,
Ivan Labrie.
Wheat descending wedge!Wheat appears to be nearing the completion of a major ascending wedge that spans 4-5 years. Best way to take advantage of this would be a wide entry with a safe stop once a bottoming pattern appears on the daily/weekly. My guess is we won't see a bottom until late 2016 or maybe early 2017.
Martin Armstrong has posted about the global *cooling* (not warming) that should begin to impact crop production sending prices sky high. This data adds quite a bit of fundamental confluence on top of the beautiful techs, making the trade even more enticing.
Jim Rogers also sees agriculture *prices* improving in the future in his recent interview with Real Vision TV. He has been saying this for a few years now but also admits he's often VERY early to a trade.
I'll be watching this trade closely for a bottom, going to be a good one!
SOYBEANS /ZS trend reversal started?soybeans and many other ags have rallied after dumping on the crop report and is possibly making a trend reversal after months of bearish action. I'm looking to pick up a long on a healthy pullback.
130 target areaLooking for 130 area as a target of the recent decline in coffee prices.
Overall uptrend as indicated in upsloping orange trendline hasn't been broken yet
Spreads are weak as well.
