SOYB- the soybean ETF moves on buying pressure LONGOn the 4H Chart, SOYB has moved above both tthe near and intermediate term POC lines
of the respective volume profiles. Upward price volatility above the running mean
on the relative volatility indicator. In confluence pric emoved above the mean basis
band of the double Bollinger band. Fundamentally, supply-demand imbalances including
the collapse of the Black Sea shipping deal as bad actor Russia continues to inflict chaos
has a ripple effect throughout agricultural commodity markets. Soybean prices are
not following the chaos and volatility of the general markets like AMEX and NASDAQ but rather
they follow the beat of their own drum like seasonality crop yields shipping costs and
others. This make an alternative to avoid going heavy into topping or sinking general
markets. They allow diversification not unlike adding bonds to a portfolio when trying
to weather the storm. Given the narrow trading range I will play this with some call options
If you would like my idea of an excellent call option trade please leave a comment.
See also my ideas on WEAT and CORN.
se to expire after the harvest and into the planting in in Brazil.
