Mr_BidAsk
Short

Soybeans to Head Lower

CBOT:ZSX2016   SOYBEAN FUTURES (NOV 2016)
48 views
0
48 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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out