As I said above with regards to a possible Retracement of this move.
- has broken a downtrend
- this could be a short squeeze?
- Volume profile suggests support building between 8.7 and 8.32(refer to RHS - 1Day chart)
- I will keep and eye on DXY
DXY for weakness in the coming week to make a decision
- yes yes, trade wars this... and trade war that...*internet sarcasm* please refer to Macroeconomics - Terms of Trade and not noise :)
5 Day returns(last week): - we can see that Soy, Wheat and Corn did quite well
1 Month returns:
6 Month returns:
YTD return:
- has broken a downtrend
- this could be a short squeeze?
- Volume profile suggests support building between 8.7 and 8.32(refer to RHS - 1Day chart)
- I will keep and eye on DXY
DXY for weakness in the coming week to make a decision- yes yes, trade wars this... and trade war that...*internet sarcasm* please refer to Macroeconomics - Terms of Trade and not noise :)
5 Day returns(last week): - we can see that Soy, Wheat and Corn did quite well
1 Month returns:
6 Month returns:
YTD return:
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Related publications
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.