09 June 2010

Soybean : Poised for Action

  • Short SN0 at 937 and 946.50.
  • Settled tonight at 927.50 = right at recent low on daily chart.
  • Monthly : Big SHS top breaking down.
  • Weekly : Downside support line nearby at 922.50. Will add to short position if we close below this level on Friday. Or earlier if we get a sharp intra-day break which holds for a few hours.

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