July's monthly close  

Perfect monthly close with a bullish expansive bar closing above previous all time high signaling bullish strength.

On our last weekly update we posted this setup long on $2,360 and we had a nice 4% long swing from entry. Previous report click HERE.

A retrace towards $2,380 could still be in play but honestly no interest in getting this steep retrace. Would rather see price trending higher first and taking the highs of $2,485 first, before a retrace. Only time will tell, so far we are bullish MACRO and SHORT TERM. 

Nothing interesting in the monthly close. From a macro perspective silver is bullish but SHORT TERM it looks like a retrace’s incoming. WATCH OUT…

Break above $29.7 for a scalp swing long target $31’s. 

Or short entry at market price to target $26.5

There is a monthly bearish trend that is set to expire in November this year. 

July’s monthly chart, closed with a bearish full body candle showing bears are in control. Not much to do here from a macro perspective. $340’s should be on the way. 

On our last update we posted a long setup which unfortunately was invalidated. Everything was starting to align for a short term bounce but price action didn’t go along and we got stopped out. 

We could still see a bounce $400+ but for now this is a NO TRADE. 

Sugar (SB) 

We broke the bullish market structure on a higher time frame. Price is making higher highs and we are currently at the best risk rewards area. Previous low of $17.20 must remain untapped for bullish continuation. If we do break $17 then most likely we’ll be expecting a retrace towards the $14 price range but for now it looks great MACRO.

https://www.tradingview.com/x/X3AjR7To/ 

Below link for complete sugar report entries and short term predictions.

Soybean (ZS) 

Horrible monthly close showing more blood to come. 

Free fall to $880 - $850’s on its way. 

Bearish monthly close BUT…. THERE’S HOPE. 

On the daily timeframe price seems to have found a temporary bottom at $520’s after taking liquidity off the previous low. For now it’ll be too risky to jump in long but if price’s able to trade back above $555 its GAME ON.