SOYBEANS to 1.035 bullish trend for Frist Quarter 2025

26 déc. 2024

The fundamental factors affecting soybean prices in 2024 have shown mixed developments, with weather conditions and global demand playing crucial roles. For 2025, the direction of prices will depend on China's economic recovery, weather conditions, and agricultural policies in the U.S. under the new Trump administration.

On the technical side, there is an accumulation of positions and manipulation in sell stops at the monthly level. I would like the price to reach the equilibrium of the range in the first quarter of the year; depending on the evolution of the fundamentals, we could even see a value of 1,100. If this idea is invalidated, I would expect prices of at least 927.7.

Monthly chart for context:

3 janv.

Transaction en cours

First Fair Value GAP before target 1 reached. From this area I expect to see a retracement to discount. Invalidation point remains the same.

11 janv.

Note

Yesterday, after 2 weeks, price reached target 1 and closed above it. I want to see the next candle rebalance the existing FVG or create a new bullish BISI.
I don't like to see price closing below 993.1

14 janv.

Note

Prices reach target 2 and close above it. Let's see what this week delivers.

7 févr.

Trade fermée: cible de profit atteinte

Finally, after more than a month, the price reaches the final goal. Excellent opportunity, anticipating a +10% increase in the price of soybeans.