12 March 2010

Soybean : Watching Sell Stop-in @ 904

  • Gut feel trades averaged-in short SK0 @ 950.4, anticipating eventual weekly SHS top break on downside. [955.75, 949.50, 946.00]. So far, firing blind ex-system.
  • Daily price action yesterday showing early signs of weakness. Now at 934 (below 935 support = 1 month low), targetting 911.
  • On the weekly continuation chart, NL is at 904. Below here is where I want to get serious on this (ie from WIP to Core/Main).

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