Wednesday, July 27, 2016

Soybean Deal Looks A Little Bit Better For Bulls

A few days ago I initiated a small trade in soybean futures. This deal now looks a little bit better:

As the chart shows, the short - term downward trend in soybean prices was broken - it is the first indication that something is changing.

Today the FED holds its July meeting so big fluctuations in asset prices are expected.

Soybeans are no exception - FED statement is 15 minutes to the close of soybean trading so everything may happen...

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