Short Soybean (weekly Chart)
In daily Chart we are seeing an RSI divergance combined with
high selling volumes,
a bearish candlestick top,
as well as a RSI divergance between highs from May 2021 in the weekly chart.
The area of resistance is valid since 2008.
I think we will get a small pullback before breaking the risistance later this year, if a financial recession occures in a few months.
high selling volumes,
a bearish candlestick top,
as well as a RSI divergance between highs from May 2021 in the weekly chart.
The area of resistance is valid since 2008.
I think we will get a small pullback before breaking the risistance later this year, if a financial recession occures in a few months.
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.