Soy Bean (Central Banks Can't Print Food!)View On Soy Bean (5 JULY 2020)
We had a big deflationary shock last March but moving forward, we will likely to witness inflation and stagflation in the coming months.
We are seeing that the food prices are going to go ONE Way. UP.
There will be minor pullbacks along the way but, it's better to stay on the long side only at this moment.
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SOYBNUSD trade ideas
Soybean Bearish ForecastSurprising turn on Soybean chart; it looked like as if it would spark another bull-rise, but bears have come to play from a technical viewpoint, -the 8.800 is a strong "resistance zone", even my rsi reports bulls might have a chance to continue...maybe.
Bearish forecast; -the 2-hourly.
Soybeans - Long Idea.I think there will be a supply and demand issue with soybeans. The China trade issues heating up. I see upside on this tasteless little bean.
I probably wont trade this, laying out the technicals here, I have a wide stop as things could get real hairy.
That is a 2.2:1 RR.
Gets your stop below that $8 level. And the price target below a weekly 200 EMA.