Oilseeds Report
25 April 2022
Weekly CBOT Soybean Continuous Close
All the pullbacks are buying opportunities, as $15.84 should provide massive support.
I would use a move to sub $16.00 to get long in size as this rodeo is far from over!
240 Min CBOT May 22 Soybean Candle Chart
The 240 min chart is clearly busy making a correction and based on its current formation we could be headed to $15.75.
A move of this nature would be considered a massive buying opportunity.
Board Crush Continuous Daily Close
I will be taking profit on the below & congratulations to all who were long.
I am going to be very naughty here and go long with a stop under $1.69. – sometimes its wonderful to be this naughty!
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 plus this chart is now grossly overbought.
Weekly SAF Soy Continuous Close
There remains no reason to sell this chart!
We seem to be done with the correction and headed to the previous highs although there should be better buying opportunities over the next week or two.
Weekly SAF Suns Continuous Close
Technically I am very confused and will be happy to sit on the side line until further notice.
Weekly CBOT Soy Oil Continuous Close
Finally we traded and printed $0.80, yeah baby!!!
Well done to all the longs that stayed long and did not chicken out.
I would now advise taking your cash and keeping your cash while letting the market play out for a good few weeks.
Weekly CBOT SBM Continuous Close
This
market looks corrective and the oscillator is pretty low and hence we now
waiting to buy, but as of yet I do not have a level.