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SOYBEANS

We are getting close to trend changeIt has been a long time since my last Soybean forecast. It is time to pay attention to this market. It is setting up for the decline. Commercials are heavily selling, the seasonal tendency is to the downside, and Insider Accumulation is turning bearish. So, if on Monday we get below Friday’s low, that will be a sell signal. However, it seems like it will take more time to form some pattern. We may see a very short-term rally followed by a sell signal formation. Don’t hurry and wait for confirmation. We have a good setup, but timing matters a lot in this business.
CBOT:ZS1!Short
by UnknownUnicorn1156963
8
Soybeans : Over Minor ResistancePrices of Soybeans are seen to be above the minor resistance. (9.118) Although it may contain a slightly lower risk / reward ratio, it may be more profitable in low time-frame periods. Those traders who want to be more safe can enter after a period of 1-2 weeks if prices below the resistance status is clear. Furthermore, the highest basis of this analysis is the idea that both sides will make concessions in the trade wars between the US and China (My personal opinion). Parameters : Position Size : %1 Risk / Reward Ratio : 2.11 Stop-Loss : 8.75 Target : 10.256
OANDA:SOYBNUSDLong
by Noldo
2
Soybeans Head and Shoulders Setting Up?The chart for Soybeans looking very attractive right now. On the daily chart, we have an engulfing candle at a major flip/resistance zone. This has garnered the attention of any technical traders. Moving down on the 4 hour, we get a clearer picture. We have been in a nice uptrend with multiple swings, higher lows and higher highs. This trend began to exhaust at the resistance/flip zone and we have had multiple red candles. Looking for our first lower high confirmation here, and this would come in the form of creating a head and shoulders pattern. So overall many good confluences for this trade, just awaiting the break of the neckline/support. Would be looking to take profits at the 9.00 zone on this instrument. Around 935 on futures.
OANDA:SOYBNUSDShort
by Uncharted-FX
Long Term Prospects for SOYBNUSDThe SOYBNUSD, symbol ZS, is in a Bear Market Rally within a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the c-wave of an x-wave before a final y-wave down. The long upwards candle wicks, the testing of the 200 ema, and consecutive dojis are all confirmation that a top is being putting in. This would correspond with a long-term commodities bottom expected in 2021. The Market is in a Bear Market Rally on the daily, with price above the 50 ema, which is above the 200, but still below the 800 ema. The 50 ema is up-trending, but the other long term emas are mostly flat, signaling an accumulation / distribution range. Price is topping out having just completed an evening star pattern, but has yet to close below the 13 ema. Price has yet to break the uptrend line, so expect sideways price action, and another stop test of the high, with a trend break, confirming a sell off. The Market is in a Bull Market on the 4 hour, with price trading above the 50 ema, which is above the 200 ema, which is above the 800 ema. After a Dark Cloud top, price traded down below the 50 ema on the four hour, formed a doji, and will likely reverse back up from here. Probably trade up in the coming week to finish out an M-Top formation, before resuming the greater down-trend. This is my SOYBNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
OANDA:SOYBNUSDShort
by Cincinnatuus
Soybean, possible long set upOANDA:SOYBNUSD chart on daily time frame interestingly forms an inverse head and shoulder pattern and makes quick breakout upwards. We are yet to test the support and see if it can bounce of that levels. Currently its at a short term resistance zone where a lot of price action has taken place in the past. The story so far, we saw a dramatic and sharp fall in prices, then the price got into a rectangle like sideways formation where it tried to exit the channel and failed. This pattern being a bearish formation, was more like to exit downwards and so it did. Post the downward break, it got into forming an inverse head and shoulder pattern, Please note that since this formation is made after a good fall in prices, there is a fair probability that the prices could have bottomed out OBV and RSI also having an upwards slope. Interesting to watch how price reacts from here. Look out for LARGE CANDLES and VOLUME. These could be excellent times. If it doesn't breach current resistance (Blue zones) and drops to support levels (pink zone), wait for the bounce back of support to take long position with stop loss right below the peak of the right shoulder . Take profits initially as prescribed various higher Fib levels If you like what you read, please share a thumbs up. Your comments will also be highly appreciated. Cheers
OANDA:SOYBNUSDLong
by LoveForCharts
SOYBNUSB Long and ShortLooking at the long term chart, soybeans are poised to make an aggressive move to the upside. However, this can happen in two flavours: a failure at the 9.224ish level followed by a correction and an extension of the building divergences, or, a break past that level followed by more upside. If the price hits the aforementioned price target and stalls out or piddles across on low volume / weak price momentum, then it would be wise to go short. At that point, soybeans will likely retest the 8.061 level and power on up from there. The other scenario is that soybeans cross above on a decisive move and continue further. There may be a pull back and retest of the wedge's current resistance but either opportunity will provide an objective long entry. For this trade, SOYB will be the vehicle of choice.
OANDA:SOYBNUSD
by BigMouse777
2
Bearish Potential on Soybeans by ThinkingAntsOk4H CHART EXPLANATION: At the beggining of May, price started a strong bullish movement towards the Weekly Descending Trendline. Once it faced the zone, it could not consolidate above and the trend became weaker. Then started moving sideways and it has recently formed a Triangle Patter, which was broke downwards yesterday. We expect a downside move towards the Multiple Support Zones. MULTI TIMEFRAME ANALYSIS: -Daily: -Weekly:
OANDA:SOYBNUSDShort
by ThinkingAntsOk