BGBunge Limited is a global agribusiness and food company.
Soy and sugar prices are still expected to rise.
tp1 114
tp2 119
Bunge
Bunge - nice short oportunityBig picture indicates Bunge has completed wave b of larger degree wave 4 (started in 2008) and has printed wave (1) of circle C targeting 25-30 level. Expect to see a pb in (2) up to 110 zone. Be prepared for a strong move down in wave (3) over the next 10-12 months. See similar set-up in FCX.
Are Wheat & Biofuels Supply Plays?Took positions in BG last year, & ended up trading out too soon. Here is a good dip & options are cheap, not trading advice just a MACRO play. As long as food prices are going up & Russian Export Taxes are increasing then Wheat Grain & Biofuels might still be valid fundamentally. Bunge is a global player so please check out their Fundamentals, SEC Filings & Prospectus before investing real money, also it costs nothing to check price action for a few weeks or months before making a decision. That's how lots of analysts make their very best decisions. In fact the way I came across BG was from bad information about an alleged Silver Squeeze. Don't follow hype, do your own research & make the best decisions for you & your investment goals.
BUNGE - best short opportunity in 2022BG long term plan - short in Sept-Oct 2021 at 95 area. Expect to see -80% downside from peak to low. Looks like commodities won't be feeling well in 2022.
