www.scmp.com/economy...oybeans-second-round
When US gets ready its stockpile of soybeans to export to China after the agreement is signed, they will need big tractors and agricultural equipment to assist in its export.
Caterpillar , the household name of US tractors would be one of the beneficiary of this US-China trade deal.
Is it a coincidence that the bearish trend line of this company has just ended recently on 29 Oct and prices are now slightly moving sideway before picking up steam and effort to charge higher ?
I would be initiating a buy position at 141.05 with a profit target of 172.
When US gets ready its stockpile of soybeans to export to China after the agreement is signed, they will need big tractors and agricultural equipment to assist in its export.
Caterpillar , the household name of US tractors would be one of the beneficiary of this US-China trade deal.
Is it a coincidence that the bearish trend line of this company has just ended recently on 29 Oct and prices are now slightly moving sideway before picking up steam and effort to charge higher ?
I would be initiating a buy position at 141.05 with a profit target of 172.
Comment:
meeting slight resistance at current price , let it break out , retrace and add more.
Comment:
Praise God
Raise your hand if you had long this stock !