mikebiz
Long

Soybean staging for another run at resistance

OANDA:SOYBNUSD   CFDs on Soybeans
Is soybeans             setting the stage to make another run at an upper channel line of resistance started with the August 2012 high? Current weekly and daily action looks like this is the case. Should price continue up, how it responds will indicate if new shorting positions should be taken of existing longs can be held. Another option would be to hold longs with this line as target and then re-enter once price shows direction.

weekly:



daily:


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