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machintose
Apr 19, 2021 12:38 AM

Week 16: ZSK2021 Decision Point at $1440 Short

Soybean Futures (May 2021)CBOT

Description

Our target last week is now triggered, it is a good selling zone with favorable risk reward ratio.
Where is my Take Profit? I will set at $13.91 level.
In overall picture, the price is ranging in a wider bandwidth from 11 February till today.

I will update again from time to time.
Comments
farmerisland
@machintose curious what you set for a SL? I was quite surprised by the strength in today's session. I'm looking for 14.60 to hold though..... We're overbought atm.
machintose
@farmerisland, sorry forgot to update, after posting I left for a meeting and when I returned to place my order, I saw $14.40 broke.
That's where I re-evaluate my view. As at now, no reversal sign yet.
TerrenceEarls
Great Analysis! 🔥
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