As a consumer of TOFU (made from soybeans) for years, I am well aware of its health benefits and been an advocate of buying its ETF, futures for some years now.
What is exciting for 2021 is this chart here ! It has broke out of its long term bearish trend in Aug 2020. Well, while the price seems to move up pretty fast from 14 to 20+ dollars, there is still 8+ dollars potential before we see it revisiting its peak in Aug 2012.
We have cleared the first resistance at 15.93, second resistance at 18.97 convincingly. Now, let's wait for the pullback and see these beans soar higher.....
What is exciting for 2021 is this chart here ! It has broke out of its long term bearish trend in Aug 2020. Well, while the price seems to move up pretty fast from 14 to 20+ dollars, there is still 8+ dollars potential before we see it revisiting its peak in Aug 2012.
We have cleared the first resistance at 15.93, second resistance at 18.97 convincingly. Now, let's wait for the pullback and see these beans soar higher.....
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brownfieldagnews.com...ybean-buy-in-months/
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Praise the Lord
Comment:
I hope some of you are still in this ETF. If you do, congratulations as the prices have gone up by almost 10 dollars from 2021 to current time. We may see some sideway movement as it is meeting its resistance at 29.19 price level before rallying higher.
A pullback, imo is a good accumulation point.
A pullback, imo is a good accumulation point.