Oilseeds Report
23 May 2022
Weekly CBOT Soybean Continuous Close
To all those that bought the sub $16.00 dip in size, well done!
Now I want to advise taking profit, as the current formation feels very 50/50 to me.
240 Min CBOT July 22 Soybean Candle Chart
To all those that bought the sub $16.00 dip in size, well done!
Now I want to advise taking profit, as the current formation feels very 50/50 to me.
Board Crush Continuous Daily Close
Currently I am happy to sit out of this market for now as this chart is ugly as hell.
Oil Share Continuous Daily Close
We are now patiently waiting to buy this chart!
Weekly SAF Soy Continuous Close
There remains no reason to sell this chart but a pullback appears to be well on the cards. – as we are currently experiencing.
We are waiting for buying opportunities R400 – R600 lower.
Weekly SAF Suns Continuous Close
Technically I am now waiting to sell a rally R300 – R600 higher!
Weekly CBOT Soy Oil Continuous Close
I would allow the market play out for a good few weeks.
Weekly CBOT SBM Continuous Close
For those that bought the dip and sold on the rally, congratulations at getting out unscathed.
Now is the time to do nothing and wait for the chart to play out.