Soybean Futures (Mar 2021)

Week 03: ZSH 2021 The "Head" is forming, we are looking to short

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Week 03 analysis for ZSH 2021.

The price is now ranging at the lower band of the trend channel, and on the structure wise, there is no Higher High forming.
It indicates the formation of the "head" and sellers are starting to jump in the market.
Our key level remain at $1,370 and once the price passed below that level, our probability to short is higher.
Stay tuned.

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