I have been watching Soybean futures for sometime now...traded a pullback a few months ago. My broker really is not good in terms of spreads, and even at 5pm spread "pops" whatever you guys call it when the spread explodes at swap time. Anyways. I see that price for several reasons has "bean" climbing. I think, we are going to break to the upside. I see an inverse head and shoulders plus this line in the sand (green) has been challenged so many times. A real tell for me is that for days now price has been going sideways and not showing rejection as one may expect. I will not trade this. -Happy Trading!
Note
We have broken out...let's see what this days candle shows.Note
3 days of upward action. I would be comfortable saying Soybeans has broken out.Trade closed manually
Didn't continue, out at break even
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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.