NOTE! This site uses cookies and similar technologies.

If you not change browser settings, you agree to it. Learn more

I understand

Is it inversion time for the january 2016 soybean meal future?

If we look at the COT Index, the commercials bullish stance could confirm our guess.

soybean meal cot

Also looking at the seasonality we see a bullish trend that would suggest a reversal.

soybean meal seasonality

Finally, looking at patterns, we can see a noticeable bullish engulfing (key reversal as well) which, according to the Volume Spread Analysis, can be defined as a 'stopping volume' bar.

soybean meal bullish engulfing stopping volume

Soybean meal provides appealing reversal signals. Maybe it would be appropriate to wait until a trendline break before entering long.
Remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.


Seguici su Twitter


Trading for Purpose RT @AheadoftheNews: NYSE adv/dec past 2 days. Note the strong opens which deteriorate as day progresses. distribution.…
Tuesday, 20 March 2018 06:37
Trading for Purpose RT @ttp_mailus: Cronos Group ($CRON) flies high in Wall Street. Apparently the cannabis business pleases investors. cannabis weed Medic…
Friday, 09 March 2018 10:43
Trading for Purpose RT @ttp_mailus: FOX has just won an Oscar for 'The Shape of Water'. Is the newly formed trading range a distribution or a riaccumulation?…
Monday, 05 March 2018 12:17
Trading for Purpose RT @ttp_mailus: The results of Italian elections begin to clear up and the FtseMib index struggles not to collapse. The ascending channel,…
Monday, 05 March 2018 11:12
Trading for Purpose RT @ttp_mailus: Usually the oil stocks index turns slightly earlier than crude oil itself. Recently XLE (blue line) turned south at end of…
Thursday, 01 March 2018 14:21