Remko

Remko

Beanoil: Price made a 3% move up to the week which mostly came through during Friday's session. Price broke the 2 pivotal resistance levels at 33.75 and 34.29 during the week and close above same levels which, principally, will give price the possibility to trade up further and possibly reach the 36/37 level. Having said so, the move of the past week could also...

Remko

Soybeans: We will roll over to the JAN17 chart as soon as JAN's volume starts equalling NOV's volume. Again no decisive break of price during the past week which is something that we have been waiting for since some time now. The weekly chart (not displayed/attached) shows us again a 'spinning top' candle which principally expresses indecisiveness of a market and...

Remko

Soyameal: Price has been trading in a sideways moving channel between 310 on the upside and 295 on the downside for 12 sessions now and seems to be stuck between these two levels. As far as we are concerned we can bounce one more time to the upside of the sideward moving channel during next week after which we still expect it to break down decisively through its...

Remko

Beanoil: This pice has given us quite a bit of headaches during the past week as it is just not going anywhere very fast. After a 'spinning top' during the week before last week price has now drawn a perfect 'doji' during the past week with an opening price of the first session of the week to be at exact the same level as the closing price of the last session of...

Remko

Corn: Price follows our preferred path reasonably well and we keep our bias unchanged to the upside. Price could extend the pullback that it started last Thursday a bit further early next week but is expect to resume its uptrend latest by Wednesday and possibly earlier. There is an ascending resistance trend line on the upside that starts at 356.5 and ends at 360...

Remko

Wheat: We have called for a bottom on this chart during the past week when, during Wednesday's session, price drew a 'double key reversal' on the chart which was an 'engulfing bullish' candle as well and which both are quite powerful reversal patterns. Much to our dissatisfaction we saw price make a strong pull back during the Thursday session but this could be...

Remko Updated 

Wheat: Nothing much happened during the past week and price has mostly been moving sideways during the week with exception for Friday when price took out its most recent lows at 395/393 after which it recovered and made a very strong 3% rally from its LOD. We still believe that price needs to make one more impulsive move to the downside and we keep our bear bias...

Remko

Corn: Price made indeed one more move down to the 325/330 zone from where it recovered last Friday with a 2% impulsive move to the upside. Nothing has changed in our outlook for this price. We keep our bias unchanged that a bottom is in the market and that price will trade up from here with 375 as first target. A break of the previous low on August 31 would negate...

Remko

Soybeans: We were expecting that price would break down through the lower boundary of the sideways channel at 935/940 but price continued trading sideways during the week although price took out its most recent low during last Tuesday's session. This break of the most recent low at 937 was not followed by further decline though. The weekly chart (not displayed)...

Remko

Soyameal: Price has been moving mostly sideways during the week while making a new recent low during Tuesday's session. There is really nothing much to add to our views and expectations as already put down during the past weeks. We maintain our bear scenario for this price which much lower values to be traded in future.

Remko

Beanoil: We have framed a bear scenario on this price for quite a long time now which was harshly interrupted by the fierce upswing during the first half of August and, to a lesser extend, by the corrective move up during mid September. As long at the most recent high of 34.83 of August 23 remains unbroken we can keep our bear scenario intact but we would like to...

Remko

Corn: Price has been moving more sideways than anything else really during the past week which was not a very significant. Price will ideally make one more initial move to the downside during Monday/Tuesday next and might even trade into the 325/320 zone after which we expect price to resume its ascend again. We keep our bias unchanged that a bottom is in the...

Remko

Wheat: Price has not really been following our preferred path very precisely lately and has been knocking on the doors of the various resistances repeatedly, especially during the past week. Still, the price action as such during the past 3 weeks does not have anything of an impulse and price shyly tried but failed to trade higher. We still believe that price...

Remko

Soybeans: Nothing much changed on this chart and price keeps trading sideways within the boundaries of its expanded flat. We expect price to continue its down move from here and expect it to break its recent lows of the 940/935 zone finally during the coming week. If and after this happen the road to the (roughly) 915 level if free to trade to for price where we...

Remko

Soyameal: Price gave us an exciting session during last Friday finally when it broke its recent low at the 304 level which, apparently, was not easy nut to crack. Still, the move of last Friday was rather impulsive and the route is now free to trade to the 285/280 zone by the first week of October. We keep our mid/long term bias unchanged to the downside and...

Remko

Beanoil: The impulsive and strong move up during the early stage of last week hit our stops and forced us out of the market place. Looking at it from the sideline we see that the last crucial barrier between current levels and the 36/37 level has not been broken. At the same time, however, we are not convinced that the sideways move and especially Friday's lower...

Remko Updated 

Beanoil: Price started the week with quite an impulsive move to the downside of well over 4% in just 2 sessions but made a relatively strong corrective move back up during especially the Thursday session. Nothing changes in our outlook and we maintain our bear bias. We expect price to continue its downtrend immediately from Monday's opening onward. The crucial...

Remko

Soyameal: Price did make an impulsive move to the downside early in the week as expected and moved sideways during the Wednesday session and the Thursday session. Same pattern made us expect that price would continue its move down from last Friday or next Monday onward but price made an impulsive move up instead. It could be that the corrective move up has already...