28 February 2011

Soybean : Pullback to SHS Neckline

  • Monthly : Monthly key reversal almost nailed if we don't close NY time too far from current levels (Mar11 @1358, May11 @ 1366).
  • Weekly : Uptrend line broken (but I do not believe trading on TL breaks alone. Too iffy).
  • Daily : SHS top. Now pulled back to NL. Perfect sell location. Short taken.

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