Soybean has been a tough market for those traders seeking volatility as it has been on a “wait-and-see” mode for a couple of month now. I do not expect any major movement on the short/mid run; however, I do see a possibility to “widen” the current trading range.
The wave counting above suggests that a B wave would be completed (or nearly completed) and a possible upward C wave would be on the radar screen. For those (unlike me) seeking short-term opportunities it may be a good commodity to keep track on.
I am still holding my long position with stops on a range around 920, although I confess the weekly chart does not look that bullish. In fact, the MACD divergence is killing my sleep lately.
See my comments on ZC at: tradingview.com/v/5EoSKdyo/
The wave counting above suggests that a B wave would be completed (or nearly completed) and a possible upward C wave would be on the radar screen. For those (unlike me) seeking short-term opportunities it may be a good commodity to keep track on.
I am still holding my long position with stops on a range around 920, although I confess the weekly chart does not look that bullish. In fact, the MACD divergence is killing my sleep lately.
See my comments on ZC at: tradingview.com/v/5EoSKdyo/
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.