{"id":187855,"date":"2023-04-03T01:46:49","date_gmt":"2023-04-03T05:46:49","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=187855"},"modified":"2023-04-03T01:50:33","modified_gmt":"2023-04-03T05:50:33","slug":"soybean-zs-rebounds-above-key-1500-level-from-new-2023-low","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/technical-analysis\/soybean-zs-rebounds-above-key-1500-level-from-new-2023-low\/","title":{"rendered":"Soybean (ZS) Rebounds Above Key 1500 Level From New 2023 Low"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Soybean (ZS) Rebounds Above Key 1500 Level From New 2023 Low<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Soybean (ZS) is consolidating to start the week following last week\u2019s strong rebound off a fresh 2023 low.&nbsp; ZS is suddenly nearing its March high, but will likely spend this week catching its breath ahead of next Monday\u2019s highly anticipated WASDE.&nbsp; With ZS testing upchannel resistance (on the 4hr chart), odds are elevated for healthy profittaking in the next few days to take ZS back to the psychologically key 1500 whole figure level.&nbsp; <a href=\"https:\/\/tradablepatterns.com\/wp-content\/uploads\/sites\/2\/2020\/08\/Corn_Soybean_Arabica_Coffee_Aug2420.pdf\">Congratulations to Premium Members alerted Aug 24, 2020 to ZS remaining in play for a pending rally continuation<\/a> and to those warned of <a href=\"https:\/\/tradablepatterns.com\/wp-content\/uploads\/sites\/2\/2021\/06\/Soybean_Corn_GBPAUD_Technical_Analysis_Jun1421.pdf\">the short opportunity Jun 14, 2021<\/a> and who benefited.&nbsp; The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, rallying or consolidating recent gains.&nbsp; I am looking to enter long in the green zone (of the daily chart), targeting the red zone for Friday.&nbsp; The amber\/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).&nbsp; <a href=\"https:\/\/tradablepatterns.com\/2023\/04\/03\/soybean-zs-rebounds-above-key-1500-level-from-new-2023-low\/\"><strong>Click here for analysis on WHEAT, USDCHF<\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1100\" height=\"1084\" data-src=\"\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis-1100x1084.jpg\" alt=\"\" class=\"wp-image-187856 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis-1100x1084.jpg 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis-700x690.jpg 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis-300x296.jpg 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis-768x757.jpg 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis-1536x1513.jpg 1536w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/04\/zs-soybean-technical-analysis.jpg 1896w\" data-sizes=\"(max-width: 1100px) 100vw, 1100px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1100px; aspect-ratio: 1100\/1084;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Source: Interactive Brokers TWS<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Soybean (ZS) is consolidating to start the week following last week\u2019s strong rebound off a fresh 2023 low.  <\/p>\n","protected":false},"author":53,"featured_media":187856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[4,5,17,6,8,9,23,26,3],"tags":[169,1291],"contributors-categories":[13631],"class_list":["post-187855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asia","category-europe-middle-east-africa","category-futures","category-north-america","category-region","category-securities","category-technical-analysis","category-text-articles","category-traders-insight","tag-futures","tag-technical-analysis","contributors-categories-tradable-patterns"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.8) - 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