Are Soybean Prices Going To $11 ?

Soybean Futures—Soybean futures in the November contract settled last Friday in Chicago at 10.65 a bushel while currently trading at 10.52 ending the week on a sour note as prices are still hovering right near a 3 year high.
Soybeans are trading far above their 20 & 100 day moving average as this trend is strong, however if you have missed the bullish trend move on as you have missed the boat and look at other markets that are beginning to trend as chasing markets is a terrible way to trade over the course of time. Presently I also have bullish recommendations in wheat and soybean meal as the grain market continues to move higher as trading with the path of least resistance is the most successful way to trade over the course of time.
TREND: HIGHER
CHART STRUCTURE: IMPROVING
VOLATILITY: HIGH
If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com
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Email: mseery@seeryfutures.com
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