Soybeans ripped! Approaching monthly resistance
Took profits on my SOYB position for some nice gains considering a lot of downside in the equities market.
On a monthly time frame, SOYB is approaching resistance zone so I took profits and will be watching to see how price reacts here.
I'm expecting retracement / consolidation here before continuation to the upside or back down from profit takers and sellers stepping in.
Alert set at $26.5
May also be setting up for a good short opportunity
On a monthly time frame, SOYB is approaching resistance zone so I took profits and will be watching to see how price reacts here.
I'm expecting retracement / consolidation here before continuation to the upside or back down from profit takers and sellers stepping in.
Alert set at $26.5
May also be setting up for a good short opportunity