carlosmello
Short

Short ZSN2016 at 1030, Stop at 1057, Target at 982

CBOT:ZSN2016   SOYBEAN FUTURES - ECBT
12 0 0
ZSN2016 had an increadible run based on fundamentals during last 60 days. It has now reached an important resistance level and posted a reversal candle. The DXY             seems to be reversing upside and that will also help the whole commodity complex, which seems overextended, start a correctionto the downside.
Trade closed: stop reached: Unfortunately ZSN2016 blew up through my stop loss and I closed the trade at 1060 with a loss of 30 c/bu.
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