Niaga Hadapan Kacang Soya
Panjang

Soybean's harvest low offer potential upside

740
Soybeans has hold on the bottom of its long term uptrend and now is showing us signs to go long:

Technical Weekly
+ Bullish Engulfing candle pattern
+ MACD bullish crossing (about to happen)
+ RSI bullish divergence
+ RSI Oversold
Technical Daily
+ MACD bullish crossing
+ MACD divergence
+ RSI above 40
+ RSI bullish divergence
+ Stochastics bullish crossing
Fundamentals
+ Good up movement on Friday,November 7th, after a neutral to slightly bullish USDA report
- S.America planting season on perfect situation
- Record S.America crop
Seasonals
+ Soybean's harvest low offer potential upside
+ Oct historically 66% up months; Nov historically 57% up months


Entry point: a daily close above 1318'6
Stop: a daily close below 1296'0
Target: after bearish signals (to be defined)


Any other idea ?
Please, feel welcome to share.

Penafian

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