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carlosmello

Short ZSN2016 at 1030, Stop at 1057, Target at 982

Short
Soybean Futures (Jul 2016) (CBOT:ZSN2016)  
carlosmello Aggiornato   
CBOT:ZSN2016   Soybean Futures (Jul 2016)
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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 chiuso: stop raggiunto:
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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