CBoT Soybeans long play opportunity with a tight stop
Soybeans:
Price made a strong move to the downside of some 2.5% after which it revered leaving a relatively long bottom tail for the daily candle. Price reached our target a bit earlier than we would have expected which is not a problem as such but the structure of the latest move is a problem.
Thus far we stick too our earlier casus in which we see price make a 20/30% swing up from here but we want to see the price reversal already during Monday/Tuesday failing which we will probably have to reconsider our bull ride bias. A long play opportunity is there at the opening but with tight stop.
Price made a strong move to the downside of some 2.5% after which it revered leaving a relatively long bottom tail for the daily candle. Price reached our target a bit earlier than we would have expected which is not a problem as such but the structure of the latest move is a problem.
Thus far we stick too our earlier casus in which we see price make a 20/30% swing up from here but we want to see the price reversal already during Monday/Tuesday failing which we will probably have to reconsider our bull ride bias. A long play opportunity is there at the opening but with tight stop.
Dagangan ditutup: hentian tercapai
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.