Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
ZS1!
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are before heading to the support at 1423.25, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish ContinuationTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1508.75
Pivot: 1469.00
Support: 1423.25
Preferred case: Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance level at 1508.75, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 1469.00, where the previous high and 78.6% Fibonacci line are.
Fundamentals: There are no major news.
Soybeans Weekly ContinuousSoybean – Weekly Cont: The cloud above offers tough resistance at last week’s high of 14.77. A weekly close into the cloud above 14.77, the red Tenkan line will be the next strong resistance at 15.36 (also a 50% retracement target). Support below is the blue Tenkan line at 14.14 and then an uptrend line climbing from 14.00. A failure below could have beans targeting the 12.88 swing low area.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1475.50
Pivot: 1409.75
Support: 1380.50
Preferred case: We have a bearish bias on the H4 chart. In addition, price is crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.
Alternative scenario: Price may rise again to retest the resistance at 1475.50, where the 78.6% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1465.00
Pivot: 1409.75
Support: 1391.75
Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 50% Fibonacci line is located.
Alternative scenario: Price may rise again to retest the resistance at 1465.00, where the previous swing high is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1433.75
Pivot: 1409.75
Support: 1391.75
Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud, indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.
Alternative scenario: PPrice may rise again to retest the resistance at 1433.75, where the 50% Fibonacci line is located.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1433.75
Pivot: 1409.75
Support: 1391.75
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is.
Alternative scenario: Price may go back up to retest the resistance at 1433.75, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bearish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1484.50
Pivot: 1409.75
Support: 1431.50
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the support line at 1431.50 where the 50% Fibonacci line is located before heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is.
Alternative scenario: Price may go back up to retest the resistance at 1484.50, where the previous swing high and 78.6% Fibonacci line is.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1484.50
Pivot: 1409.75
Support: 1431.50
Preferred case: The current bias for ZM1! on the H4 chart is bullish . To add to this bias, the price is currently trading above the Ichimoku cloud , indicating a bullish market. Overnight price had some bearish momentum, with the price currently trading at 1447.25. If the bullish momentum continues, expect price to possibly head towards the resistance at 441.4, where the previous high and 100% Fibonacci line are located.
Alternative scenario: Price may head back downwards breaking the 418.8 support level , where the 50% and 23.6% Fibonacci lines are located, before heading towards the pivot line at 1409.75 where the 38.2% Fibonacci line is located.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1484.50
Pivot: 1409.75
Support: 1431.50
Preferred case: The current bias for ZM1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Overnight price had some bearish momentum, with the price currently trading at 1455.00. If the bullish momentum continues, expect price to possibly head towards the resistance at 441.4, where the previous high and 100% Fibonacci line are located.
Alternative scenario: Price may retrace downwards and head towards the 418.8 support level, where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1484.50
Pivot: 1409.75
Support: 1431.50
Preferred case: The current bias for ZS1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. If the bullish momentum continues, price may head towards the resistance at 1484.50, where the previous high and 78.6% Fibonacci line is located.
Alternative scenario: Price may retrace downwards and head towards the 1431.50 support level, where the 50% Fibonacci line is located.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish MomentumTitle: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1484.50
Pivot: 1350.00
Support: 1407.75
Preferred case: On the H4 chart, the overall bias for ZS1! is bullish . To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Overnight price had bullish momentum upwards with price currently trading at 1449.75 at time of writing. If this bullish momentum continues, expect price to head towards the resistance line at 1484.50, where the 23.6%, 78.6% Fibonacci lines and 61.8% Fibonacci projection line are located.
Alternative scenario: Price may retrace downwards towards the the support line at 1407.75, where 2 of the 38.2% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum Title: Soybean Futures ( ZS1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1484.50
Pivot: 1350.00
Support: 1375.75
Preferred case: The current bias for ZS1! on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price had some bullish momentum upwards toward the end of last week, and it is currently trading at 1409.50. If the bullish momentum continues, price may move towards the resistance at 1484.50, which contains the 23.6% and 78.6% Fibonacci lines. There is also a 61.8% Fibonacci projection line there too.
Alternative scenario: Price may retrace downwards and head towards the 1375.75 support level, which is just below the 50% and 23.6% Fibonacci lines.
Fundamentals: There are no major news.
Soybean Futures (ZS1!), H4 Potential for Bullish RiseType : Bullish rise
Resistance : 1581'4
Pivot: 1483'4
Support : 1377'2
Preferred Case: On the H4, with price moving along the ascending channel, we have a bullish bias that price will rise from the pivot at 1483'4, which is in line with the 38.2% fibonacci retracement to the 1st resistance at 1581'4 where the 61.8% fibonacci retracement is.
Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 1377'2 where the overlap support and 61.8% fibonacci retracement are.
Fundamentals: No Major News