We will be taking aggressive ZL long positions tomorrow on the open as the soybean complex takes off with an ooomph. Stay Tuned
We will also be taking long & long term positions in the soy elephant contract. Whilst we dont use fundamentals we are happy for ongoing Chinese shenanigans with the Argentina crop.
You only see the bottoms in the consolidation pattern you posted? One might say your chart also shows four tops.
Out of ZL - small loss- GoldmanS debacle is BSsing all over all markets - but ZS holding strong - though some fanatstic opportunities fell on the way today on strong trending markets like Palladium/Platinum & Ausssie Dollar
I will be paying close attention to the dollar tommorrow which could lead to an inverse rally in commodities as dollar appears finished. That could be IT for DX in the near term. How crazy can things get Aussie paying 4.5% and yet dollar gains???