Buy the Beans on Dips?

Anyone? Or never catch the falling knife?

 

I am buying, started at 1485, next level 1460-1450 will be crucial, make or break. If breaks below these levels will take my losses and move on.

 

The Chinese bean auction has min volume. New crop is so far away, have not planted yet....

I took profit at 1462. Look to get in after big report.

 

I took profit too early. No sweat. Profit is profit. Use the funds to short CL.

 

It's been a choppy couple of weeks. If we don't break out of the range, I think the seasonal move is done.

We are at the bottom right shoulder of a H&S pattern now.