machintose

Week 28: ZSX2021 Market is still in consolidation

CBOT:ZSX2021   SOYBEAN FUTURES (NOV 2021)
This week update was a bit late because not much activity since the beginning of the week.
The price is still in consolidation mode, ranging tightly in up trend.
There is an opportunity to short, however the Risk Reward ratio is only around 1:1.3 which is not favorable.
We wait until the price breaks the channel and we can enter with smaller risk.