Gap up in ZSX17

[farming101]

A little optimism anyway. Rains light in August perhaps? Could have to do with the USDX being in the dumper since basically April

[danny W1M]

$0.0025 gap. Does it even count?

[farming101]

A gap is a gap. I will agree it is completely technical and requires some more bars to validate

[farming101]

Gap filled Tuesday, objective 984

[farming101]

984 reached

[sumdumguy]

984 reached
[ATTACH]2156[/ATTACH]

I think a lot of grain markets are starting to cook. Grain traders who pre-sold and were short talked up the yields internationally. Foreign buyers have heard about big yields and they are waiting, but the ones who wait will get a big surprise because the market signals are dead wrong. That's the reality of the free market and full access to information. People use signals that reverberate across the world for their own end. Just my thoughts about market manipulation. We've seen it's power, over and over, but the reality eventually sinks in.

[farming101]

Will probably bounce around the 984 and end a little lower. The big test will be next week. Further increases that hold in the 10+ area will show some real strength. It needs to happen quickly. If 10 fails to hold or doesn't get close it may be new selling will take control

[Kinger]

Great insight, keep it up.

[macdon02]

I use a rule of 3 on gaps getting filled. Just like a sow, 3 days, weeks, months to fill it. Once it passes days it shifts to weeks, then months. It's gonna get filled regardless

[GDR]

Ok so not sure what the hell your talking about here? Enlighten me please. I gather soybean futures your looking at, what is the gap you mention?

I assume that is $9.84 a bushel at some par region?

Sorry for my lack of understanding, but interesting to learn.

[farming101]

Watching the November 2017 soybean futures contract. Going up when it usually is going down this time of year.
On September 5 the price rose and left a gap on the charts of a mere quarter cent.
Price dropped back down and "filled" this gap on September 12.

Chart watchers try to gauge which way the trend will go after a fill. This time it has gone higher reaching the half way point of the price move from July 11 to Aug 16. $9.84 USD per Bu

[Oliver88]

Interesting.

Also canola up $5.70 per tonne (13 cents/bu) for week.