Soybeans CBoT short play

26 0 1
Price made a solid move up during the week and traded back up to the lower line of the previous price channel .
Our initial short term bias with 10.00 as target remains unchanged. However, price traded a bit higher than what we would have liked to see which could be an indication that price wants to trade up even higher to test its previous hight at 11.8625 but we are not too certain that that will happen indeed. As far as we can see there are three options from here and now: 1) do nothing, 2) take a short swing with a full position and risk a 4.3% rally against the position before the stop is hit or 3) enter a short play at the opening with just half a position and keep option open to either let it stop out at a 4.3% loss, add to it at higher level, let it play in case the decline materializes next week.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out