Betting on China- Possible double bottom on soybean futures
Bank Of America CEO and some other people are trying to tell us that china manufacturing is coming back online and their whole economy is recovering.
So based on this apparent fact, we can make a safe bet that we could see a possible pump on soybean buying. especially with the devastating storms in the east coast and the bad weather in south america.
That's going to destroy the supply of soy bean as mounting demand come back.
Now this is all based on the factor of china economy recovery and the weather taking out soy bean farms.
Entry 858
1st Target 868
2nd target 882
stop loss 850
So based on this apparent fact, we can make a safe bet that we could see a possible pump on soybean buying. especially with the devastating storms in the east coast and the bad weather in south america.
That's going to destroy the supply of soy bean as mounting demand come back.
Now this is all based on the factor of china economy recovery and the weather taking out soy bean farms.
Entry 858
1st Target 868
2nd target 882
stop loss 850
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