The CBOT SOYBEAN FUTURES continues performing perfectly as anticipated , After the completion of wave B, the market reversed down to complete the wave C and reached so far 1292.5 down from 1409.5.
soya one hour have break the mid term down line , i think 851 should be able to pass through in few transaction day, big challenge is on 870 ( hard )
ZWZ2019-ZSX2019 Wheat December 2019 - Soya November 2019 Interesting spread between the December futures contract of Wheat and the November contract of Soya. As it is statistically deduced from our software, in this case the Moore Research, we have a percentage equal to 87% in which this difference is reduced, and therefore, a normal convergence of the two values...
Trendline broken, and market formed a textbook flag above the broken line. For me a textbook buy signal is forming here. If you like to take a little bit more risk like me, buy here at 975 and place your stop at 957. Target would be the longterm trendline at 1060. This would result in a nice 5:1 Risk:Reward trade. If your looking for a more conservative...
Since october we have been moving in a sideway motion. I think this range is coming to an end. The bulls dried out the bears, and are now ready to take the price to the next level higher at 360. The impulsive breakout yesterday is paving the way for more gains to come. Note the bullish hidden divergence, which also shows the increasingly strong hand of the bulls...