Soybeans:
Price opened the week with a gap down and lost some 10% of its value in just three sessions after which Friday's session corrected same a bit so that the week ended with a net loss of 7% after breaking Thursday's low. We keep our bias unchanged to a bit more downside from here and will start looking for a reverse from the 1000 region. Traders who entertained a short play on last week's opening put their stops at entry level or lower.
Price opened the week with a gap down and lost some 10% of its value in just three sessions after which Friday's session corrected same a bit so that the week ended with a net loss of 7% after breaking Thursday's low. We keep our bias unchanged to a bit more downside from here and will start looking for a reverse from the 1000 region. Traders who entertained a short play on last week's opening put their stops at entry level or lower.
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Disclaimer
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.