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Soybeans - Still sideaway, probably more bullish action ahead

Soybeans - Still sideaway, probably more bullish action ahead

Soybeans CBOT:ZS1!

Weekly: - After 5 months (!) of range trading Chikou Span hits Price candles. Tenkan and Kijun stay close together, Price is just a bit below Kijun Sen. Ichimoku setup is turning to neutral/less bearish - Weekly Heikin Ashi candle and haDelta/SMA3 signals a possible bullish move ahead in next weeks - A Price/Kijun cross would allow gains up to 1060. Since Chikou would then cross past candles, a move to 1100-1150 is also possible. Daily: - Multi layered range, with middle equilibrium area at 997-1007 - Ichimoku setup is neutral as Tenkan, Kijun and Senkou lines stay all together and are flat line. - Heikin Ashi setup is short term bullish again. - Please note, that is Price breaks above 1007, that will cause longer term bearish trendline break and a Kumo breakout too. More bullish acceleration would come over 1060. I started to accumulate some longs again.