Soybean Futures (May 2021)
Long
Updated

Week 15: ZSK2021 Consolidation in a Bullish Flag

119
Technically it is forming a bullish flag.
I would place my Buy Limit at Demand area, which is at $13.70 level.
Also, I have a pivot marking at $14.05 --> it serves two purposes:
(1) if my Buy Limit is triggered, $14.05 is my Take Profit level.
(2) if the price does not go any lower and crossing $14.05, it is likely to continue to be bullish.

Overall this week is rather bullish.
Note
The Bull is coming !!

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