Speculative money is the reason behind last weeks rally and profit making will probably be done this next week as soybeans has reached the top of this long-term downtrend.
Climate conditions at the north american crop have been good so far. A transition to El Nina is happening and that could bring hot and dry weather next month. But until then...there is an opportunity to short.
Climate conditions at the north american crop have been good so far. A transition to El Nina is happening and that could bring hot and dry weather next month. But until then...there is an opportunity to short.
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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.