LEONES

Soybeans dropping on the floor

Short
CBOT:ZSN2013   SOYBEAN FUTURES (JUL 2013)
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Soybeans trend study: Soybeans approaching major trendline and support area . A trade below 1330 here is going to project the price to the next support area and median line . I'm considering long puts.

Comments

Update: Support worked on the 24April. If it doesn't trade higher next week there should be a break out of the trendline
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you still think big down move
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LEONES QuantitativeExhaustion
yes Pitchfork somehow is still holding ..
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interesting .. wonder if rest of commodities will also drop like this... GOLD and Silver in particular
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LEONES QuantitativeExhaustion
Seems so. Gold retraced more than 50% from the big drop. I think it is going to consolidate for some days after and then drop again. Sky-fall soundtrack on the background!
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Ok .. thinking the same. Saw all the gold bugs cleaning out safes in exchange for cash
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Update: possible break out
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Update: Position closed with I loss. I'll try to re-enter short tomorrow or friday
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Update:
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SOYB ETF for this or DBA if your bearish on wheat corn and soy
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