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For Trader From Club iNSIDER: Soybean – potential for long or choppy

Post Views: 335 Regarding Soybean (ZS) – a good opportunity for a long position with a small size and a stop-loss at 1,140. On the daily chart: 9 on the Sequential indicatorDem oscillator close to the oversold zoneVolume profile in the lower part of the profile On the weekly chart: Dem oscillator attempting to enter the overbought zoneAgain, a strong resistance level at the multi-year (2021, 2023) high Fundamental: The recent floods in Brazil are impacting production, although damages are not expected to exceed 3-4 million tonnes.Commercials are closing long positions.Non-commercials are closing short positions (a switch to net long is possible). Soybean Daily Chart Soybean Daily: Forming a Double Bottom – each bottom with a 9 on the Sequential…

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 Head of Trading Dimitar Kalapov

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