Speculative money is the reason behind last weeks rally and profit making will probably be done this next week as soybeans has reached the top of this long-term downtrend. Climate conditions at the north american crop have been good so far. A transition to El Nina is happening and that could bring hot and dry weather next month. But until then...there is an...
Short Corn Weekly close below 10days moving average MACD, RSI and STOCH crossing negative
A good entry point might develop tomorrow if this prospect confirms. US soybeans exports shipments have accelerated and to date exceed seasonal pace to hit USDA target by 159 mln bu vs 144 mln previous week. Tomorrow (Dec 10) USDA report is expected to decrease US ending stocks to a even more critical level, and recent price action, especially today, seems to...
Soybeans has hold on the bottom of its long term uptrend and now is showing us signs to go long: Technical Weekly + Bullish Engulfing candle pattern + MACD bullish crossing (about to happen) + RSI bullish divergence + RSI Oversold Technical Daily + MACD bullish crossing + MACD divergence + RSI above 40 + RSI bullish divergence + Stochastics bullish...
Soybeans broking its long term uptrend ? Will it hold ? By now, I still do not know what to do with that, but, a good clear opportunity is about to develop. Worth keeping an eye on it. How about you ? Any ideas ? Thanks,