LEONES
Short

Soybeans approaching seasonal high

CBOT:ZSN2013   SOYBEAN FUTURES - ECBT
116 2 0
Soybean             normally starts its seasonal decline in May as planting is well established and the crop growing season is well underway . The chart pattern is also suggesting a possible decline with target objective 1300 in the short term. A trade below 1337 support is going to confirm a long term decline. Weekly chart:
snapshot
Sell order never triggered. Market seems pushing up.
Reply
Sell not triggered. I slightly modified the projection and moved the sell order higher.
snapshot
If it trades above the pivot high the study goes in the bin.
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