Soybean Futures (Jul 2021)SS

Soybean Futures (Jul 2021)

1467'6USX / BUAD
+29'6+2.07%
At close at Jul 14, 2021, 14:01 GMT
USX / BUA
No trades
See on Supercharts

Soybean Futures (Jul 2021) forum


ZS1! Good buying opportunity for Soybeans..

ZS1! We think Soybeans towards $1012 for now & then going for $1180 finally.

ZS1!

Model based analysis.

Election of weekly Bearish Reversals (proprietary model) points to filling the reversal gap towards the 1047.5 level.

There is a unelected monthly bearish major reversal at the 1216 level. Expect price to retrace to within 1% of this level either for monthly close or after monthly close.

My trade strategy is open short position at market price 26/02/24 with stoploss at 1.5% of trade execution price. Take profit at 1050$.

If trade is stopped out reenter trade at 1216 level with stop at 1.5% and take profit at 1050$ again.
Snapshot




ZS, wouldn't that be a interesting trade to be positioned correctly on.
Snapshot