ComTrader33
Short

Soybeans to Head Lower

CBOT:ZSX2016   SOYBEAN FUTURES - ECBT
44 0 0
With the convergence of the Stoch RSI , downward trend in price, as well as the MACD , I would say the bears are alive.

RSI is also moving down. A long way from indicating an oversold market, but it may be headed there.

Open Interest has been rising as the price has fallen the last few days, which indicates another sign of the bears.

I'm gonna go with a short on these Jan beans, at least for the near term.
Trade closed manually
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