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.
target reached
I'm not more in trade now.
Volume increasing
probably long keep on
Razvan
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Broke and is seems that it will continue the up move!
Kumowizard
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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.
Razvan
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It's not possible to reach that target or break above 900?
Kumowizard
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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
Razvan
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I allready entered long. Baught before the conf just to have a head start and tight stop.
almost done