Razvan
Long

Soybeans - Look at this interesting chart

CBOT:ZS1!   SOYBEAN FUTURES - ECBT
Look at this really interesting chart of Soybeans             . I entered long Corn             almost a week ago and I was waiting for a good signal on soybeans             . The price reached the rejection line of the descending channel . Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.
Trade active
good idea
I follow you !
+1 Reply
I think target is 918
+1 Reply
Razvan vaicru
That could be a good local resistance.
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it's not impossible. Recently I only follow Wheat and Corn. Those are quite bullish biased short term, Wheat being the leader. I will check Soybeans too in my model.
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Razvan Kumowizard
It's not possible to reach that target or break above 900?
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I just released a post on Soybeans based on my Ichimoku-Heikin Ashi model. I enterred long today. Let's hope USDA report will help this position.
In case it extends correction, tgt is 925-950
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Razvan Kumowizard
I allready entered long. Baught before the conf just to have a head start and tight stop.
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be careful with tight stops in agris. Last time at USDA I got fckd with that on Corn hahaha
They hit exactly down to my stop level, then rallied like hell. So I lost most of my Corn longs due to these fckr stop hunter HFT algos.
Anyway, I had the wheat long, which made good money.

So the advise is buy less if it is in early phase, and use a wider stop :-)
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918
almost done
+1 Reply
Broke and is seems that it will continue the up move!
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target reached
I'm not more in trade now.
Volume increasing
probably long keep on
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