Oilseeds Report
11 April 2022
Weekly CBOT Soybean Continuous Close
Even though I feel this chart needs a decent correction, I would in no way be looking to sell it in the MT.
If we are busy correcting in a greater bull market then we could be headed down towards 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 and there is not much to do as we have had no confirmation in either direction.
Board Crush Continuous Daily Close
I am going to be very naughty here and go long with a stop under $1.69.
Oil Share Continuous Daily Close
We are STILL happy to sit and wait to buy in the coming weeks as pretty much nothing has changed.
Weekly SAF Soy Continuous Close
There is no reason to sell this chart!
We seem to be done with the correction and headed to the previous highs.
Weekly SAF Suns Continuous Close
Technically this chart has buried many players and with this in mind, I have decided to do nothing as I want to live a while longer!
Weekly CBOT Soy Oil Continuous Close
Even though we are square, there is definitely still upside in the chart.
Weekly CBOT SBM Continuous Close
Nothing
has changed on the weekly chart, as it should continue to rally from here!