BeanOil has reached suppport (have a look at the weekly chart). Stochastic is diverging. This is a buy for me supported by seasonality. I would buy above today high with stop loss below tody low and target objective on the median line, Diffucult to evaluate when but I would say around 55.90. Soybean should be traded in a similar way. Leave you feedback and good trading!
I see a buying opportunity at current price level (testing the lower upsloping parallel line) with long term target on the upsloping median line back to July/August 24.00 resistance area. Stop loss should be around 20.00. A fall below 20.00 would infact confirm a downtrend. Your feedback is appreciated!
I think this is a sell stop 3.7385 with protective stop above friday high and target objective 2.5630. Chinese economy who is driving the sector is slowing down and copper is in a seasonal weak period till the end of the year. This seems a good opportunity to enter a short position. Read the competing purchasing managers index released today...
December12 British Pound: the price found resistance at 16300. Last Friday a 5 month high has been reached but didn't hold and pulled back intraday. There are no real fundamental reasons why the pound should trade higher a part from the recent dollar weakness. I would enter a short at 16200 with target objective on the sliding parallel and 20 EMA, around 16100.
Sell Dec12 cattle at 127800 stop. The price double crossed the 20EMA and median line. The price should fall to the next support level in one or two days. Target objective 126700.
Simple study based on OBV breakout. The price has found support on the downsloping median line. This seems the beginning of a wide triangle formation. Buy at the market with target objective 2100.
I have noticed a trendline that could act as support and I have revised my previous study. I think the price move is going to be much faster. Sell 5635 with target objective 5370. This is also a sort of H&S pattern. I think the target could be reached by the end of next week. Leave your feedback!
Bean Oil ZLV2012 is moving inside a wide range. Resistance level at 5815 is still intact. The current price action is showing a trade opportunity. I would sell at 5630 with target 5360. Leave you feedback!
Trend in up but friday price action shows that the market is ready for a retracement. Look to sell at 1.02750 with target 1.01585 support area. Leave your feedback.
Seasonal is normally weak but the price pattern seems showing a bull flag. Trend since July is bull and mmoving inside a steep channel For me is a buy at 98.50$ with a target objective 106.00$. Leave you feedback!