大豆 技術分析 - 大豆 交易: 2017-01-06

More rains forecast is bullish for soybean

Continuing rains since late December in Argentine have resulted in floods, which may prevent farmers from finishing sowing and replanting of soybeans. Lower planting area will result in lower crop which is bullish for soybean. Will soybean prices rebound?

On the daily timeframe SOYBEAN: D1 has been trading with negative bias after retracing to five-month high in the end of October.

• The Donchian channel is tilted downward indicating downtrend.
• The Parabolic indicator has formed a buy signal.
• MACD indicator gives a neutral signal.
• The stochastic oscillator is rising which is a bullish sign.

We believe a bullish momentum will develop after the price closes above the last fractal high at 1027.40, breache above the 50-day moving average MA(50). That level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the Parabolic signal at 992.9, confirmed also by the lower Donchian channel. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit/loss ratio to the breakeven point. If the price meets the stop loss level (992.9) without reaching the order (1027.40), we recommend cancelling the position: the market has undergone internal changes which were not taken into account.

Technical Analysis Summary