Remko
Long

CBoT soyameal long ply with tight stop

CBOT:ZMZ2016   SOYBEAN MEAL FUTURES - ECBT
11 0 1
Soyameal:
Price has arrive at our target ahead of time and drew a beauty of a 'hammer' on the chart. A 'hammer' is a very reliable bode that the end of the downmove is imminent but it needs confirmation. We need this price to reverse here and now as per our earlier set scenario and we feel safe with a long play at the opening tonight although a tight stop is required. There is a 25/35% upswing potential in this chart. However, we need to see the reversal on Monday/Tuesday and need to stop out a a lower low.
Trade closed: stop reached
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