A Gann's 14yrs cycle harmonic is due to turn around December 17th to the 19th. This cycle was presented in our first December post.
The soybean market reacted after making a swing top on Dec 06th at 911 1/2¢. Since then, March futures have declined more than 50¢ getting close to one of our Velocity Price Projections. Possibly, this cycle will align with a secondary bottom and resume the rally from late November.
Velocity Price Projections (VPP)
Figure 1 is a daily price-time chart for March soybean futures for 2015. The figure contains market velocity calculations and several price projections.
One of these VPP at 911 1/4¢ was reached on Dec 06th when the market made a swing top at 911 1/2¢ and reacted. After that decline, a VPP was calculated for 851 1/4¢.
On Dec 16th, the market made a daily low at 856 3/4¢ which is only 5 1/2¢ above the price projections at 851 1/4¢. Today, Dec 17th March soybeans reached 854¢ and rallied. This was only 2 3/4¢ away from the price projection.
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| Figure 1 Daily prices for March soybean futures for 2015. Velocity Price Projections for the rally from November at 911 1/4¢ and for the current decline at 851 1/4¢. |
Summary
We wanted to publish this post yesterday, but it was not possible. One of the VPP was reached today at 854¢ at the same time that Gann's 14yrs cycle is turning. This could be an indication that the rally from November could be resumed in the very near future.
Soybeans Roadmap Recap for 2015
Soybeans Roadmap Recap for 2015
Ricardo Da Costa
Grain Market Analysis
hi.. Velocity Price Projections (VPP) is your forecasting tool?
ReplyDeleteand if it's possible analyse wheat or corn with soybean for each month
thanks
Hi Encient, thanks for your questions.
DeleteYes, I developed Velocity Price Projections based on an idea put across by B.Cowan and W.D.Gann.
I am sorry. It is too much work and it consumes too much time to keep the blog for soybeans, corn and wheat together. We are only focusing on soybeans at the moment.