Mr_BidAsk

Soybeans to Head Lower

Short
Mr_BidAsk Mis à jour   
CBOT:ZSX2016   Soybean Futures (Nov 2016)
0
With the convergence of the Stoch RSI, downward trend in price, as well as the MACD, I would say the bears are alive.

RSI is also moving down. A long way from indicating an oversold market, but it may be headed there.

Open Interest has been rising as the price has fallen the last few days, which indicates another sign of the bears.

I'm gonna go with a short on these Jan beans, at least for the near term.
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