Blackfriday
Week 48: ZSF 2021 No sign of weakness, key level is at $1,150Weekly analysis for ZSF2021
Week 48: 23 to 27 November 2021
From 1st June 2020 until today, Soybean prices has been very (strong) bullish, especially in November.
On the weekly Time Frame we can spot the decision level is at $1,150, however from the current price is still quite far.
There is no sign of reversal yet, even on Daily chart, momentum still slower, sporadic with some keen buyers trying to push the price higher.
Practically we have not seen any strong Sellers come to intervene, perhaps just like us and other traders, we just wait and see on how high the price will go.
It is wiser to wait, observe and we enter when there is a firm confirmation on the price.
No trade call this week, risky to long and not wise to short now. Stay Calm and enjoy the Black Friday shopping.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Best Buy Rallied. Here’s the PullbackElectronics chain Best Buy has been working hard not to become a dinosaur in the retail ecosystem. Following the model of larger rivals like Wal-Mart Stores and Target , BBY has used new services like product support and in-store pickup to keep shoppers in its locations.
The change worked last quarter, driving the stock decisively above $78 for the first time in more than a year. It’s now pulled back and retraced more than half that rally. Still, old resistance could be turning into support as BBY holds $78.
Like IWM yesterday , this level could provide an interesting risk/reward if traders are disciplined enough to cut losses below it. Above $78, trend followers may look to accumulate the retailer – especially with management optimistic about the holidays and new gadgets coming next year.
Reaction on yesterday's POC GBPUSDPretty nice reaction on yesterday's Point of control.
What is Point of Control?
Point of Control (POC) – The price level for the time period with the highest traded volume.
Point of control watch BIG institutions, banks, investment funds, etc.
Want to know more? Or want to trade like PRO? Then watch Point of control too in your trading..
Have a nice BLACK FRIDAY!!!
Dale
Black Friday low volatility: calm before the storm for USD/JPY?While we shouldn't expect any moments of high volatility today during shortened US trading hours (also in bonds/yields), we will project what is to come in the USD/JPY over the next week of trading.
With the ISM Manufacturing (Monday) and Non-Manufacturing (Wednesday), ADP (also on Wednesday) and Non-Farm-Payrolls (Friday), the main focus will stay on the developments in 10-year US-Treasury yields which has driven the price action in the currency pair this month.
After the US data releases over the last few weeks showed solid prints, and with market participants expecting no moves from the Fed (according to the Fed Watch Tool) at the meeting on December 11, we remain sceptical if the USD/JPY has a serious chance to stabilise significantly above 109.00.
The reason for this is that if data exceeds expectations, it could result in short-term bullish stints which are then aggressively sold off again, leaving a test of the region around 108.00 over the next week of trading a topic.
In our opinion, the same is true with underperforming data, which could result in rising expectations of a more dovish stance from the Fed, which could result in a drop in US yields since such an expectation would add to the bearish yield outlook with the Fed expanding its balance sheet at a faster rate than during QE1, QE2 or QE3.
Nevertheless, we remain cautious in regards to an overly bearish USD/JPY outlook. As we approach the yearly close, volatility should be expected to stay low and we don't expect an aggressive attack at the region around 106.80/107.00, at least not for now, which would definitely increase chances of a sharper drop from a technical perspective, as low as 105.00 and probably even lower.
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ORBEX: Pound Supported As MRP Vote Share Predicts Tory Win!In today’s market insights I talk about YouGov’s MRP (multi-level regression and post-stratification) poll and how predicting UK’s vote share with 93% accuracy in the past supports the British Pound!
Aside from politics potentially moving the UK markets today, we have important GDP data coming out from Canada too. And this is likely to affect loonie.
The recording explains what I am expecting in the short and also medium-term for both GBPUSD and USDCAD. Don't miss out on information that can help!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Bitcoin Higher Or Lower?What are your thoughts around the current price?
If we break the low of yesterday's candle I can see a move lower. That being said, Bitcoin has a mind of its own. As a trader I just stick to my rules, I try not to think but act upon the checklists I work from. If it breaks higher (which I would love) then the option for today to short is lost.
It's hard but as traders we need to separate the "wants" form the "is" and what is right now is a downtrend on the daily and weekly. What I want is for Bitcoin to move higher. What are your views?
USD/CHF Weak high of the market For my trading is so important have more confirmation for my trades.
Like in this case...
1. I see Strong S/R zone from the past
2. Pretty good volume cluster with significant POC ( Point of control )
3. Weak highs of the market.. Where i expect breakthrough in direction my long trade
Happy trading
Dale
Dow Jones Black Friday weekAs we are in the Black Friday week, let's look at the last year's price action, we had a great bullish run through the week on the sales during the week. Followed by a massive sell-off that lasted till Christmas.
As JPY pairs were not particularly moving in November, we are facing potentially the last week before liquidity and volatility returns to JPY.
While equities continue to make news highs, can the markets sustain such growth pace. Smaller stocks are not reflecting the overly positive view of the market that the indices are showing.
As was mentioned by Michael Burry earlier this year, the bubble of passive investment is a real danger. The discrepancy of investment in big stocks and all others is becoming too much and may not be sustained for long.
The biggest issue is pinpointing Day-X when the panic-selling begins and markets correct themselves.
So this week and of course December are crucial, not to miss what could be one of the biggest moves this year.
Good Luck!
BTC-USD BLACK FRIDAY 80% Low price HOT OFFERPrice reductions started from the end of January to the present day. We assume that the price will not look for a lower support of $ 4,000.
If you have the extra money, the investment in Crypto currency is much better than the buzz of electronics and electrical appliances that you hardly will use much.
I wish you cheerful shopping :)