I opened a short Yesterday 10:05pm 04/04/2019. So far so good.
- Strong resistance
- Oversold (determined by indicators)
- Wicks (Struggling to push further upwards)
- Positive yet subtle Brexit News
*AS ALWAYS DO YOUR OWN WORK TOO*
Undoubtbly corn futures and soy have suffered in recent times,
However through FUNDAMENTALS, and ongoing trade neogiations, I am looking for a long term view that prices will rise.
This is a market where we still may see a decline in price to possible 8.500 region, however OANDA:SOYBNUSDthe long term outlook is very much to the upside.
This is medium risk...
Short potential as stated.
A short view on long term based on several months trend.
Be wary of support area as shown, which may be an area for taking profit.
Stop loss set as shown however I strongly suggest using a trailing stop as price moves.
As ever Fundamentals:
Wednesday Jan 23 2019 - unemployment rates.