|

Soybean Fractal model indicating major change in trend

SOYBEANS

6/02 ZS X7 CL 9254 6/30 ZS X7 CL 9524

June Review – “In mid May, Soybeans broke their consolidation trading range and accelerated to the downside.
There is no indication of a low being made yet. Other than the usual suspects of the Full Moon and New Moon, the big planetary event for Soybeans in June is 6/13 AC - Mercury 0 North Latitude. Mercury is the ruling planet for

Soybeans. Key Dates – 6/12, 6/15, 6/19”

Results – 6/12 was a short term high. 6/15 was a good short term low. 6/19 was the exact high of the month.

Score = 3 out of 3 good dates = 100%.

July Update – Soybeans made their low of the month near the 6/23 New Moon and then rallied to test the highs of the month by 6/30. Soybean prices have been in a down trend since February and the late June rally is now challenging the downward trading channel with a small breakout to the upside on 6/30. Please note that 7/21 AC Mercury will be 0 South Latitude and 7/28 AC Mercury Greatest Elongation East. Mercury is the ruling planet for Soybeans. The Soybean Fractal model is indicating a major change in trend around 7/15.

Key Dates – 7/24, 7/27, 7/28 AC

This is an excerpt from the Astro Trend newsletter. Astro-Trend covers about thirty futures related markets including the major Financial Markets, such as the Stock Market, T-Bonds, Currencies, and most major commodities. We also offer intra day data which identifies potential change in trend points to the minute.

Author

Norm Winski

Norm Winski

Independent Analyst

www.astro-trend.com

More from Norm Winski
Share:

Editor's Picks

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.

UNI faces resistance at 20-day EMA following BlackRock's purchase and launch of BUIDL fund on Uniswap

Decentralized exchange Uniswap (UNI) announced on Wednesday that it has integrated asset manager BlackRock's tokenized Treasury product on its trading platform via a partnership with tokenization firm Securitize.

US jobs data surprises to the upside, boosts stocks but pushes back Fed rate cut expectations

This was an unusual payrolls report for two reasons. Firstly, because it was released on  Wednesday, and secondly, because it included the 2025 revisions alongside the January NFP figure.

XRP sell-off deepens amid weak retail interest, risk-off sentiment

Ripple (XRP) is edging lower around $1.36 at the time of writing on Wednesday, weighed down by low retail interest and macroeconomic uncertainty, which is accelerating risk-off sentiment.