caputo.philip
Long

Nice Organic Growth

CBOT:S1!   SOYBEAN FUTURES
32 0 6
After a recent bull buying frenzy the market cooled back off in a very nice natural organic retracement to the Fib 0.618 level. Very close to the 89 weekly SMA where likely it will support the price until a rise in volume that would indicate fresh buying to continue the new direction.
One could buy the soybean future, buy a call option, sell a put option or any combination thereof.

Futures trading involves risk of financial loss and is not suitable for every investor.
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