LEONES

March Soybean Long

Long
CBOT:ZSH2013   SOYBEAN FUTURES (MAR 2013)
1
After the low posted on 11Jan price has found resistance at 1500 and retraced to the current 1400-1430 level. Uptrend should resume at this point. Price is supported by the up-sloping parallel line and is inside the 0.618 Fib buy window. I would buy above 13 Feb high (1430) with target objective at next resistance area (1540). Ambitious but possible. If target is not reached before the end of the month I come out. Seasonal pattern also confirms a long position. Feed back please.

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