I want to exececute an order for January Soybeans, Call, to me it seems like the Soybeans downtrend seems to be slowing down, and a swing is in motion. Im seeing a retracement for 1350 within the upcoming 2 months?
Soybeans seems to have a pattern every month, goes up 100- 200 points, then retraces back down and so forth, so I was thinking that this market may be a little bit more predictable and a bit safer for me, as I am just starting to trade.
..or I wanted to short some Feeder Cattle, because the uptrend seems to be slowing down, but to me the feeder may take off at any time. Does not really have a commitement to a pattern like Soybeans. Unfortunately I cannot afford to do both.
Anyone else seeing the same on the charts? Any advise as to market sitiations that could re-assure me a trading hand ?
Thanks for the input.