Reality finally set in to for the bean bulls. The target of 13.00 was reached today. Covered short bean positions with average sales around 13.30.
This trend line will be key. We might snap around this T-line.
I’d be done with SF b/c its delivery month.
Move on to SH14 where the liquidity is better as it’s the top step option.
The proof in the pudding will be Monday. That’s really when everyone will be back at work.
If the funds are long and wrong here, I’d get short on stops if the sell off accelerates.
CER 9:56AM