Get started
Soybean FuturesSoybean FuturesSoybean Futures

Soybean Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

TGSB1! trade ideas

Feb 23, 22 Soybean Sell UpdateSoybeans have been on a tear for over a month now. Apparently weather is to blame around the world. Too much rain in some countries and too little rain in others. China has just released tons of Soybean from their reserve supplies to help fill the growing gap. Word is it's going to be Mid March at least before there could be any relief. By then, I believe my Alligator Indicator will almost be up there in my Sell Area of 1520. Note the second wise man circle a few weeks back?? Usually, BUT NOT ALWAYS, indicates a possible sign of price reversal?? This is one of those times where price did not reverse and price just kept on going up. This is why we must trade with our 5 rules, always using good money management. I will keep you updated - I'm hoping once price starts to fall, it will fall heavily so we can make some good money :-) HEIKO
CBOT:ZS1!Short
by HEIKOTradingSystem
6
ZS1! (SOYBEAN) IN A CORRECTIONZS1! (SOYBEAN) is in a correction of the intermediate (4). We finished Minor wave 5 as an extended wave and I am considering the 4th wave as a complex correction because of the extended 5th wave. We can go around 38% to 50% of the Fibonacci which is 1473 to 1423 for finishing the correction of the 4th wave. This correction will a time consuming also. As an alternative count, we just finished Minor wave 3. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans. #ZS1! #SOYBEAN
CBOT:ZS1!Short
by anantadhungana
2
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