Its rare to see technical analysis on here for soya futures so have a gander at this and see what you think. Bullish cypher is almost at completion and with extremely poor yields in argentina, Chinese tariffs and an array of further complications this year, perhaps this looks a likely call for longer term soybean meal. Should the position fill expect an extended price to challenge the 2016 high of around $428 per short tonne.
Happy trading !
Happy trading !
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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.