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machintose
Jul 6, 2021 10:15 AM

Week 27: ZSN2021 A quick short opportunity  Short

Soybean Futures (Jul 2021)CBOT

Description

Last week the support level did not break (yellow zone) and resulted a huge jump.
Early this week we saw the sellers were back in the market, however they didn't have enough momentum to push the price lower.
Based on today's chart reading, $14.63 is a good area to sell.
Stop Loss will be at $14.83 and Take Profit is at $14.20

This will give us RRR = 2.17R
Bullish momentum is still strong, so this will be a quick trade.
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