ZSN2016 had an increadible run based on fundamentals during last 60 days. It has now reached an important resistance level and posted a reversal candle. The DXY seems to be reversing upside and that will also help the whole commodity complex, which seems overextended, start a correctionto the downside.
Trade closed: stop reached
Unfortunately ZSN2016 blew up through my stop loss and I closed the trade at 1060 with a loss of 30 c/bu.
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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.