Soybeans straight forward down


Soybeans Jan 20 contracts opened at $8.92¾ and from there it's been dragged straight down to the low of the day at $8.82¾ during the first half of the trading day and continued in a range around the lows for the other half as to settle and close at $8.84¾.

Such days could be as easy as hard to trade. Here the main problem is the fast pased open hours trading and with the first signs of downward pressure a good idea is to short with a tight stop. If not stopped to hold the position and once in profit territory to set a trailing stop and leave it run as long as it can.

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