Remko

Remko Updated 

Beanoil: Price has traded up further than our liking and than what we were expecting. The overall picture remains a bear biased scenario for us with a possible further swing up to 33.50 now which is a 61.8% Fibonacci retrace level. We expect decline of price but with keeping the Fibonacci resistance level in mine and we expect accelerated volatility of the down...

Remko

Update for CORN Z16: During last weekend we were not certain yet on the bottom in the market for this price and we would have liked to see one more swing to the downside. In meantime, however, we identify the candle of last Friday as a 'hammer' that has been confirmed by yesterday's firmer candle. We are looking to the upside from here and call a tradable bottom...

Remko

Wheat: Price has not made to corrective move up during last week as per anticipation but rather kept moving sideways with a rather volatile session last Friday. We keep our views unchanged but have to accept that the timing will be later than what we were initially expecting. Consequently we have moved the preferred path in time. We are waiting for the move to...

Remko

Corn: Price basically has been moving sideways during the past 9 sessions although it made a fierce spike to the downside during yesterday's sessions after which price recovered back to its level of apparent comfort of the past 2 weeks. We are anticipating a solid bottom for price and have done so for some weeks now but we currently still feel uncertain to call...

Remko

Soyameal: The pattern and chart of this price shows quite some resemblance to that of the soybeans price with a far from perfect 'bear-flag-pattern' and a still preferred part to the downside. We keep our focus unchanged to the downside and have trailed our critical resistance level down to the 350/355 zone where. if broken to the upside, we will reconsider our...

Remko

Soybeans: Price is following our preferred path only reluctantly and the earlier drawn 'bear-flag-pattern' is far from perfect. Still, we keep our eyes to the downside for this price and we have even trailed our target a bit down to the 870/850 zone which is some 10% below the current value. We should allow price to trade a bit up from here to the 1020/1025 zone...

Remko

Wheat: Price has performed a 'Bullish Engulfing' last week which usually is a reliable reversal pattern although it need reconfirmation. Price also settled above the short term resistance level last Friday which gives the BE more credibility. We expect price to make a swing up from here to the 450/460 zone where we expect price to reverse for a 15% move to the...

Remko

Corn: Price is following our preferred path rather well and the decline is now very major. The reversal is imminent. It could be that the bottom has been on the chart last week at 329 but a bit of overshoot to the 320 level is possible as well. We stay tuned for a long play entry which will probably be offered to us during the coming week or week ahead and with a...

Remko

Beanoil: Nothing new from this chart this week. Price traded to mildly higher levels during the past week and has reached its support level within the descending price channel. There could be a bit of overshoot to the upside from here but we expect price to reverse resume the downtrend during the coming week.

Remko

Soyameal: Nothing much new on this chart and price is following the preferred path of our bear-flag pattern reasonably well. We anticipate further decline from here although price could make a furthers wing up for a couple of days. We will start reconsidering our bear bias if and when the 370/375 level would be broken to the upside but until then we keep our views...

Remko

Soybeans: Price has been moving sideways for most of the week but made an impulsive move up of 2% during Friday's session which makes us believe that a bit more upside is in the cards for the coming week after which we still anticipate price to reverse and resume its downtrend. A decisive close above the 1025 level will bring price to our critical resistance level...

Remko

Wheat: We just can't figure out this chart as we would have expected the 'double-key-reversal' pattern of July 22 to have found follow through which did not happen. Instead, price made a lower low and a new record low for the contract last Friday which usually is a sign that even lower levels are in the card. We want to let this chart unfold without further bias...

Remko

Corn: We were wrong with our first buy-stop at 375 of 2 weeks ago and also our buy signal at 340 of one week ago turned out to be too premature. We have removed them from our chart in meantime. Nonetheless, our long term view on this price remains 30-35% to the upside into the next calendar year but it is just the timing for entry of the long play that has to be...

Remko

Beanoil: Nothing really dramatic changed in our views on this chart although the move to the downside is less steep than we were expecting initially. Price basically made a sideways move during the week with a long tailed 'hammer' on the weekly chart (not displayed). A 'hammer' is an indication that the end of the move down is imminent so that is something to keep...

Remko

Soyameal: Similar to the soybean chart the price in soyameal failed to make a decisive reversal during the first 2 sessions of the week which made us abandon the bull scenario and start looking for further decline of the price to the 300 level during the rest of August. If and when price would break the 370/372 level to the upside we would start considering our...

Remko

Soybeans: Price did not reverse during the first 2 trading sessions of the past week but made a lower low instead which made us decide to abandon our bull scenario for now. Instead we are now looking for a further loss of value of another 10-12% before the run up is to be expected. Price did make a solid move to the upside of 2.5% during Friday's session which...

Remko Updated 

Wheat: Price made a lower low but close higher than the previous 2 sessions which makes 'double key reversal' which is a very reliable reversal pattern. We are expecting higher levels from here but are not too enthusiastic about the upside potential right now.

Remko Updated 

Corn: Price indeed traded further down which has caused a massive drawdown on longs that were take at the buy-stop level. Price drew a very long bottom tail on the chart for Friday's candle with a (less than perfect) 'hammer' as result. Longs that have been stopped out now have a renewed opportunity to try one more long play but need to put stops tight as we want...