SIGNAL REMINDER – SOYBEAN SHORT
Today, the analysis from 21/1/7 on the decline in the price of Soybeans, which the CAs recommend to study, is coming into play again. The situation continues according to the original assumption.
ORIGINAL TEXT: Soybean Short. According to the COT report, the continuous upward trend on the soybean market continues to be fully supported by large players. The current price is at resistance levels of less than 1,400 cents per bushel in futures contact. Technically, the market has rebounded and should now test the lower end of the trend line by less than 100 points below. Currently, a situation similar to that in April 2014 could arise.
Chart source: WebTrader