Gap up in ZSX17

[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.

[macdon02]

Outside day in canola. Meaning if you look at the candle or bar the range was lower and higher then the previous, also we closed above the previous days close. Bullish. Bearish if we had closed below previous day. Watching daily charts is a great way to lose money and be offside the market imo. Weekly and monthly carry far more importance as this is where true trend is set, Monthly over weekly. You need to see the same behavior imo in a monthly chart as today's daily to have confirmation of trend change.

[farming101]

Yes, likely day trader territory. However even on the weekly if I were looking for an entry, going long around the 20th with a stop loss at 961 would have been worth a try

[Guest]

Interesting.

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

that's huge to be happening during "harvest happy hour"
wonder if all the "experts"are talking about what a good week canola had , lol

[GDR]

Thanks for the lesson!