Soybeans, those humble legumes that power our burgers, biodiesel, and even some makeup, are about to get a serious adrenaline injection. Buckle up, buttercups, because the soybean price rollercoaster is about to take off, and it's not gonna be for the faint of heart.
The quarterly report is done, bearish as fiddlicky shizzer. Good riddance out of the way. It seems that all the bearish news have been priced in already.
We are looking for a reversal at around 1130-1160 area and then we long it to the TITS. A month holding time give or take, taking calls strike at 1300.