Oilseeds Report
15 March 2022
Weekly CBOT Soybean Continuous Close
I do not want to speak too soon, but this chart may be topping out in the ST.
If we are busy correcting in a greater bull market then we could be headed down toward the $15.25 as a target.
Although we are in the throws of a raging bull market I will be patiently waiting to get long as sometimes these pullbacks go deeper than most anticipate.
240 Min CBOT May 22 Soybean Candle Chart
The 240 min chart is clearly busy making a correction.
This correction could trade as low as $15.40 in the coming weeks.
Board Crush Continuous Daily Close
There is nothing much to do here unless you are a professional “Top picker” and according to my knowledge they are all dead.
Oil Share Continuous Daily Close
Congratulations to all those that made some really good cash on their long position.
We are now happy to sit out and see how the market plays out overtime.
Weekly SAF Soy Continuous Close
There is no reason to sell this chart!
Now is the time to sit back and wait for the next opportunity.
Weekly SAF Suns Continuous Close
Spare a thought for all those that chased the market up R2000 in two weeks.
Technically there is nothing to do based on the charts current formation.
Weekly CBOT Soy Oil Continuous Close
We have been super long and will take profit on everything even though we are short of our price targets.
Congratulations to everyone who will make a small killing on this trade.
The ride had been amazing and I just feel that the time has come to consolidate and wait for a pullback to get long again.
Weekly CBOT SBM Continuous Close
Nothing has changed on the weekly chart, but we are happy to stay out until further notice.
This chart, however, could continue to rally from here!