We are noting an inverse head & shoulders neckline resistance break in both Soybean & Soybean Meal futures. This presents a large potential reward opportunity on the buy side if you are comfortable with this product.
We may trade this, but will keep our position small since we are not extremely comfortable with Soybean Futures. These are liquid futures, so we’re comfortable enough to do a couple contracts. No position yet, but will likely buy one contract then another if the position starts to work.