Remko
Short

CBoT soybeans short play with a tight stop

CBOT:ZSX2016   SOYBEAN FUTURES - ECBT
24 0 1
Soybeans:
Price opened the week with a gap down and lost some 10% of its value in just three sessions after which Friday's session corrected same a bit so that the week ended with a net loss of 7% after breaking Thursday's low. We keep our bias unchanged to a bit more downside from here and will start looking for a reverse from the 1000 region. Traders who entertained a short play on last week's opening put their stops at entry level or lower.

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