I like soybeans long , a long-term bottom might has been formed
I like soybeans long .
Again im not a long-term position type of a guy , but this does look like it has bottomed in the long-term as well .
Short-term I think we can easily hit the 960 level , and based on some extensions I see it hitting the 1030 level within 1-2 months .
The massive trend line break since 2016 is pretty huge .
We had a false breakout in the past but this one I think is real .
We will see how it goes but right now just buying the 960 calls with nov expiration (50+days) its an easy 200% return minimum .
Again im not a long-term position type of a guy , but this does look like it has bottomed in the long-term as well .
Short-term I think we can easily hit the 960 level , and based on some extensions I see it hitting the 1030 level within 1-2 months .
The massive trend line break since 2016 is pretty huge .
We had a false breakout in the past but this one I think is real .
We will see how it goes but right now just buying the 960 calls with nov expiration (50+days) its an easy 200% return minimum .