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Soybean Mini Futures

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XK1! trade ideas

November22 SoybeansNovember22 Soybeans – Weekly: New Crop beans quickly moved up to fill the primary (162% retracement) target at 14.14. I usually wait for confirmation of a swing high before running retracement targets for support, this market is moving fast. What to do??? There is still time in February to lower the insurance average. Look at Short Dated puts to get through Feb into spring…..If you have failed to sell beans on this run up, buy a courage call at any of those lower marks then place offer to sell physical.
CBOT:ZSX2022
by mtb1980
March SoybeansMarch Soybeans - Daily: Trying to measure upside targets on beans seams futile on a daily scale….. But we try From the May21’ Swing high at 14.45 to the Nov21 Swing low at 11.93, March22 Beans filled the recent target at 16.01. On the more precise scale on the right, we look at the consolidation before Monday’s gap higher to measure a primary target at 15.86 with targets up to 16.23 that were filled. From the continuous chart to the March bean chart, it appears there could be some measured resistance at 16.00 to 16.23. Above were looking at levels up to 16.73 to 17.00. Support at 15.64 to 15.27 with Risk down a ways to 14.45.
CBOT:ZSH2022
by mtb1980
Soybean marketSoybean – Weekly Cont: Price accelerated from the 50% retracement and resistance level at 14.24 up past the cloud and quickly filled the next primary target at 16.12. Last spring beans spent a few weeks above 15.75, but with light volume. No telling if beans will chop around into a consolidation pattern to give us time to better guess a direction, or if it launches higher filling the targets above… The candlestick formation left behind this week looks similar to the one left behind last year at the high. I am cautious for the next week or two and would be willing to look at short term protection
CBOT:ZS1!
by mtb1980
Feb 10, 22 Soybean Sell Almost TimeYou can see that price action soared way above the Linear Regression Indicator this week and has been on a tear for many weeks just going to the moon. I am waiting for price action to finally come down - today it started but I'm not sure when I will short this trade. Next week will be the earliest but it might be March. You can see this is the weekly chart so it might be a while before this becomes tradeable. Regardless, I am keeping an eye on this one and will let you know if anything changes. HEIKO
CBOT:ZS1!Short
by HEIKOTradingSystem
Continuous SoybeansSoybean – Weekly Cont: The High to Low Cycle appears complete (for now) with the break above the downtrend and 24% retracement. Beans filled the 38% target with a 13.84 high. The close last week is concerning as it left a doji like formation that could be cause for a change in trend??? Beans need to get above 13.84 (preferably a weekly close) to negate this potentially bearish candlestick. Risk for the next week or so is a move down to re test the down trending line it just broke above. Risk is 12.82 next week A move above 13.84 will target 14.24 and then 14.81.
CBOT:ZS1!
by mtb1980
Big Picture Market structure for SoybeansCurrent Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables that affect the fundamental picture, expect volatile markets untill the Market structure becomes more defineable. Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
CBOT:ZS1!
by mtb1980
food for thought soybeans look good. seems like people are waking up to inflation. i talked about inflation a year ago, before anyone even knew it was coming. time cycles predicted it correctly. historically wars have been started during these kind of times. watch uranus in gemini as that is historically when america had some of the biggest wars (2025-2032) 1760 = war with britian ( gained independence) 1850s = indian war (gained west coast) 1940s = ww2 (gained world currency domination) as you can see from above, each passage of uranus through gemini has created earth shattering changes for america. fun fact. july 4 1776 would mean america is a gemini. also it means uranus was in gemini at the time of conception. a return of uranus to the position of birth always has an effect. another fun fact. there has never been one instance where a planet passed the midheaven of america without causing a change in trend in the equities and bond market. merry christmas and happy new year. next year will be epic and i will be right here to navigate it with you.
CBOT:ZS1!Long
by Oppollo
January Soybeans - DailyJanuary Soybeans - Daily: The January contract shows a different picture than the continuous. Jan beans did break above the trend line and 24% retracement, but fell short of the 38% target. The cloud resistance stopped beans at 12.89. The move below the trend line is concerning. There is a Harmonic Pattern potential for a reversal at 11.93-11.81. We need a couple of daily closes above the trend line and the red kijun line currently at 12.30 to keep this from continuing bearish. A break out above the trend line, the cloud, and 24% retracement could excite the bulls for strong gains. **Again this is volatile, Use options to help make decisions if needed…
CBOT:ZSF2022
by mtb1980
Soybeans Weekly continuous chartSoybean – Weekly Cont: Soybeans struggled to get weekly closes inside the cloud and now working to break below the blue Tenkan line. A High to Low cycle needs to see a break above the trend line and above the 24% retracement to move out of bearish territory. The failure below 12.96 suggests we are not bullish. A weekly close below 12.30 targets the 11.81 lo. **Caution, many times a failure to move above the 24% target suggests a new low. 11.67, 11.52 and 11.37 would be targets below with 11.14 the primary target. We need a weekly close above 12.30 and a recovery soon back into the cloud with price action above 12.96 to negate the bear.
CBOT:ZS1!
by mtb1980
Longterm Soybean Market structureCurrent Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables that affect the fundamental picture, expect volatile markets untill the Market structure becomes more defineable. Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
CBOT:ZS1!
by mtb1980