There wasn't a whole lot of action in the markets today ahead of the July 4 holiday. Most significant of all the prospective trades that I'm watching was the November Soybeans closed down 15.4 cents today which pulled prices below the support level at 893. So, I'll want to go long if prices can break back above support at 893. However, I'm keeping in mind that with today's sizable move down, prices could continue to move lower over the next few trading days and may even close that huge gap that was made on June 29.
To take a look at all of the prospective trades I'm watching, please go to www.mylearn2trade.com.
Have a great July 4th holiday.
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