Soybean Price will crash down for months

Trader : What's up?

Prophet : I see that a tragedy is coming. Soybean price will collapse. It will continuously crash down for at least One Quarter to Six months hereafter. It is not the only bad thing. Worse thing is that the crash will keep for at least 12 months. Be careful, God being angry to those who call up the price to heaven.

Forcasted by Arthurlord

Thanks for the heads up. Tragedy, is that so? I hope this will drive the price of chinese takeaways down?? Lower than a sea snake's belly, as they say in Jo'burg.

Pls See trend of Price and trend of indicators. It is very clear.

Aha, massive divergences! Let's see if history repeats itself. If you're right, we're on borrowed time ... the forecast calls for pain.

Divergence needs to be confirmed and still can take ages to fill under current days market conditions. We got some already on the daily, with clear minimum must reach target, and the monthly still needs time. If it confirms, the minimum must reach target becomes the low of 2011, which calls for the weekly uptrend channel, born 2006, breakout, leading to further losses. We got unclosed gap down in the year 2006, and most likely the market will try to cover it up, after the significant levels are taken out. So right now we already had a serious daily uptrend TL taken out, as you can see in green on my chart, and price entering a S/R box like zone, I've pointed out in blue horizontal lines. Everything takes action in the huge weekly channel in red and how you play in between the key-levels completely depends on you and your abilities. I don't trade Soyabean, but will take a favorable position IF the market allows me to on a clean structure.

Best of luck and always interested in a healthy discussion.)

everything falling only soyabean keep gains (shortind zs jul 1800 call optin while writing)

Well guys, it's your funeral, but I think farm productivity not growing anywhere near as fast as the number of hungry gobs around the world - plus dollar being inflated beyond recognition - so I think shorting dollar denominated agricultural commodities is not a good idea.

chaines like eat lot of this stuff and there is many out of them, pices shure can fluctuate

shorting wheat at 8,70

there was a reversal day last wednesday, if there is a drop due to rainy weather, it will be good to watch for last Thursday's low at 7,85

below that level price could easily drop to 7,25
in my opinion, a good risk - reward short entry point in the 8.60 - 70 area with stop above 8.92 and targets 7,85 first and 7,25 later.

in case of new highs confirmed at the close, I'd wait for it somewhere above 9.20 - 30 before considering new action.

PS yellow trendlines are the recent highs, now support