Soybeans set for big decline in first half of year.

5 ม.ค. 2017

It is this trader's belief Soybeans are about to lose their 45 degree angle of support on the Daily TF. The actual March contract is already trading well below but on top of it's 45 degree angle of resistance from June top. The 5 year cycle(will show in next chart) is indicating that a big decline is getting ready to take place from January into May 2nd. Monday I will open long contracts at 1002.50 and 999.50, stop loss 992. Will take profit at 1033 and simultaneously flip to short contracts on the 12th. Looking to hold the positions and only add on a possible swing trade to the downside.