CBoT soybeans long play failed

8 0 1
Price did not reverse during the first 2 trading sessions of the past week but made a lower low instead which made us decide to abandon our bull scenario for now. Instead we are now looking for a further loss of value of another 10-12% before the run up is to be expected.
Price did make a solid move to the upside of 2.5% during Friday's session which indicates further increase on very short term (Monday/Tuesday next) after which we expect price to resume its move to the downside and start looking for the 900 level.
If and when price breaks the 1060/1065 level to the upside we will pull our previous bull scenario out of the drawer again but for now we keep the eye to the downside.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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