Soybean Futures (Jan 2021)

Week 50: Short Opportunity on ZSF 2021

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Weekly analysis for ZSF2021
Week 50: 07 December to 11 December 2020

Following up last week analysis, the Resistant level at $1,200 remained in tact and our key level at $1,161 had been penetrated.
Therefore, now we are looking to sell as the direction had changed.

[u]Here is my personal trade call for this week[/u]:
Short now or Sell Stop at $1,154.00
Stop Loss (SL) is at $1,175.00
Take Profit (TP) is at $1,083.00
It gives us 3.47R

Disclaimer:
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.

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