Soybeans appear poised for a rally following the recent divergent low on the 60-minute chart of /ZB (soybean futures) below.
ZS 60m Nov 15th
SOYB is the Soybean ETF which is may be added as an official trade as early as today after the market opens although a case for an objective long entry on this pullback to the intersecting downtrend line + 15.38 support level can certainly be made. I’ve included the daily chart of SOYB with some likely price targets below.
SOYB daily Nov 15th
/BRR Bitcoin has been backtesting the primary downtrend line following the gap/breakout above it last month while setting in another bullish falling wedge. A break above the wedge & 8834 resistance level could be the catalyst for a rally up to at least the 9553 resistance level.
BRR 120-min Nov 15th
After closing out the recent GBTC long trade for a quick 27% profit on Oct 28th, it went on to make a near-perfect reversal off the 11.95 resistance level in which the max. final target was adjusted just below & has been backtesting the downtrend line + 1st target area (now support) since. As such, GBTC is also under consideration for another long entry as well, once again targeting just below the 11.95 resistance level.
GBTC 60m Nov 14th close
/E7 euro futures appear poised to rally following the recent correction to the 1.1010 support & divergent low on the 60-minute chart below.
E7 60m Nov 15th
FXE (Euro ETN), which is also under consideration as an official trade idea, offers an objective long entry on this pullback to the 104.41 support for a swing trade up to & quite possibly beyond the 106 resistance level.
FXE 60m Nov 15th