Soybean Meal Futures LongFutures running a -2.6% monthly roll long indicating good supply.
Trend may not run to far......
I won't take this trade
ZMQ2027 trade ideas
Soybean Meal Futures Spread : ZMN25-ZMQ25Excellent opportunity in this spread on soybean meal :
- Margin requirements are low, as intracommodity spreads often are.
- The spread is currently at -1 from its historical value of 1 in the 5-year average, and 0 in the 15-year average, and being long we have an additional favorable factor for more margin upwards
- This spread has been in profit 80% of the time over the past 15 years
- There is a very good trend in both averages and a trend duration of about 4 months
- The average Risk Reward Ratio over the last 5 years is 17.13
Soybean Meal FuturesThe current outlook for Soybean Meal Futures (Dec 2024) leans bearish, as indicated by recent price actions and technical indicators.
Downtrend: The price of Soybean Meal Futures is currently in a downtrend, marked by lower highs and lower lows, with the moving average line sloping downward. This suggests a prevailing negative sentiment among traders.
Bollinger Band Breakout: Adding to the bearish sentiment, the price has recently breached the lower Bollinger Band. This breakout could signify strong bearish momentum, potentially pushing prices further down. While prices often return within the bands after such a breakout, continued movement outside could signal an extended downtrend.
Volume Confirmation: The recent price decline is accompanied by a noticeable increase in trading volume, indicating strong selling pressure and supporting the likelihood of further price decreases.
Key Support Level: A critical support level is identified at around 298.5, close to the current session's low. A break below this level could trigger further declines. Conversely, resistance is anticipated around the middle Bollinger Band and previous highs around 325–330.
Potential Reversal: Despite the bearish signals, the source advises watching for reversal patterns like bullish engulfing candles or hammers, particularly near support levels. A return inside the lower Bollinger Band could also suggest a short-term price bounce. However, such a reversal requires confirmation through volume support and sustained price action.
Wheat FuturesThere are a few potential bearish momentum indicators present in the chart that suggest the price of Wheat Futures may continue to decline.
The price of Wheat Futures dipped below its middle moving average. This could indicate bearish momentum, especially if the price stays below this line.
Higher volume accompanied the recent drop in the price of Wheat Futures. This could signal stronger selling pressure.
The price of Wheat Futures recently touched the upper Bollinger Band but has since retraced downward toward the lower half of the band. This suggests that the recent uptrend may be losing momentum or consolidating.
The trend for the price of Wheat Futures appears to have been mostly downwards, with a few rallies. The recent rejection near the moving average and a return to lower levels could suggest that the downtrend may continue unless a strong support level is found.
15% to 30% Upside Ahead for Soybean Meal (Divergence Strategy)Soybean Meal recently confirmed the monthly bullish divergence with Septembers candle close. This is a significant signal that prudent traders should pay close attention to. What this signal implies is that there is a minimum 15% move to the upside from current price ahead for Soybean Meal. The high end target is a 30% upside move. This does not mean this market is going to go straight up from here. In my opinion, dips are for buying in the Soybean Meal market until we reach these upside targets.
Have a great week.
Long positionSoybean Meal
Buy limit at support area 351 and 334
Stoploss 320
Take profit 392 and 434.
ZM1! INTRADAY IDEAafter big bearish momentum last candle retracement will happen. Trading plan intraday looking for long around $363.8 and take profit about 40tick (green zone) or set break even SL. after that looking for short at zone (red box) to fullfill the imbalance/FVG candle TP at the swing low. TAYOR
ZM1 bearishafter confirmation candle bearish breakout on H4 our trading plan is buy on pullback and short on zone. Confirmation downtrend already start Daily candle is DOUBLE TOP. TAYOR
ZM! still uptrend still look uptrend after a big pullback on H4. price still bias going up looking for $401 zone fibonaci 50% retracement if this hit need to draw a new technical review. TAYOR
ZM DOUBLE TOP H4 DAILYpotentially to g o down in the box target looking for long to the swing high for intraday
ZM: Level Setting up, Awaiting BOSLevel setting up, awaiting break of structure, bull momentum, new micro level to set up a second leg.
Buy May soybean meal at 340.2, stop at 328.2, tgt at 354.2Buy May soybean meal at 340.2, stop at 328.2, tgt at 354.2 - Our ALGO sees a potential for short covering in the soy complex
Sell H Soymeral at 352.0 limit. If filled Stop @ 361.5, tgt338.6Looking for a bounce on a down trending market
Sell March Soymeral at 352.0 limit. If filled Stop at 361.5, tgt 338.6
Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future results**
hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
one of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. in addition, hypothetical trading does no involve fina
ncial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. there are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Sell march soymeal at 3660 limit, if filled stop at 3990.
Aggressive traders ahead of tomorrow;s USDA report can look to Sell march soymeal at 3660 limit, if filled stop at 3990.
Soy Meal Opportunity Launching Pattern Symmetrical TriangleThis is a 1 year rectangle with an 8 week symmetrical triangle offering potential launching pattern - breakout using 30 day ATR of 5 points (45-50%) would target 500 mark offering the trader 65 points x 100 or $6500 for each future traded. Of note, a prior symmetrical triangle in the pattern also occurred and reached the target. Its very likely the 1 year boundary will remain stable offering a trader profits and opportunities while trading within the boundaries.
Soybean Crush Processor Margin w CalcThe soybean crush spread calculates how much profit a soybean processing plant can generate by crushing a bushel of soybeans into soybean meal and oil. The profit margin is that profit number divided by the revenue which is the price of the meal and oil outputs. I prefer to look at profit margin as opposed to just profit as it adjusts for large market fluctuations over time and is more meaningful from a business and analysis perspective.
I was not able to come up with any tradable theories based on this analysis. I added live cattle and lean hogs to try and figure out what’s going on with soybean meal reaching multi-year highs this week. It appears that move is correlated with live cattle reaching new highs. Soybean meal is rising while soybean oil is falling. Soybeans are pretty flat although slowly rising. I will continue to monitor this spread for clues about future soybean, soybean meal, and soybean oil movements. If anyone has any insights on crush spreads, please share.
The calculation of the spread is shown below:
Weekly Forecast (December 27 – 30, 2022)Uptrend scenario
An uptrend is not expected, but possible correction to 466 – 471.
Downtrend scenario
An downtrend will start from resistance 466 – 471 or as soon, as the market drops below support level 443.4, which will be followed by moving down to support level 420.
ZM long higher 411,3My short analiz of instrument .I explain why I will recomend to buy ZM above my level.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 441.4
Pivot: 404.5
Support: 418.8
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, and it is currently trading at 1409.50. If the overall bullish momentum continues, price may head towards the resistance at 441.4, where the previous high and 100% Fibonacci line is 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 Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 441.4
Pivot: 404.5
Support: 418.8
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, and it is currently trading at 1409.50. If the overall bullish momentum continues, price may head towards the resistance at 441.4, where the previous high and 100% Fibonacci line is 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 Meal Futures ( ZM1! ), H4 Potential for Bullish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 418.0
Pivot: 404.5
Support: 399.3
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bullish . To add confluence to this bias, the price is currently above the Ichimoku cloud which indicates a bullish market. Overnight, price has continued bullish moving above the pivot level at 404.5 where the 0% Fibonacci line and 23.6% Fibonacci line are located. Expecting this bullish momentum to continue and for price to head towards the resistance line at 418.0 where the 50% and 23.6% Fibonacci lines are located.
Alternative scenario: Price may head back down towards the Pivot level at 404.5 where the 0% Fibonacci line and 23.6% Fibonacci line are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 404.7
Pivot: 392.0
Support: 399.3
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish . To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Overnight, price closed under the 1st resistance level at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line are located and tapped onto the 1st support at 399.3 before having a slight bounce. Expecting this bearish momentum to continue and for price to head towards the Pivot line at 392.0 where the 0% Fibonacci line and previous low is.
Alternative scenario: Price may head back up above the 1st resistance at 404.7 and head towards the 2nd resistance at 418.0 where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish MomentumTitle: Soybean Meal Futures ( ZM1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 404.7
Pivot: 392.0
Support: 399.3
Preferred case: Looking at the H4 chart, the current overall bias for ZM1! is bearish. To add confluence to this bias, the price is currently under the Ichimoku cloud which indicates a bearish market. Overnight, price closed under the 1st resistance level at 404.7 where the 0% Fibonacci line and 23.6% Fibonacci line are located and tapped onto the 1st support at 399.3 before having a slight bounce. Expecting this bearish momentum to continue and for price to head towards the Pivot line at 392.0 where the 0% Fibonacci line and previous low is.
Alternative scenario: Price may head back up above the 1st resistance at 404.7 and head towards the 2nd resistance at 418.0 where the 50% and 23.6% Fibonacci lines are located.
Fundamentals: There are no major news.
