Anticipating A Further Bullish Incentive For Soybeans
Eddie Tofpik | Mar 02, 2015 13:14
I have changed the bullet point for Soybeans because the market ceased to be showing symptoms of a mildly bearish nature. If the current situation continues – specifically the behaviour as we touch the Nov 2014-to-date Downtrend (currently 1037) then I anticipate a further bullish incentive.
However, we are quite a distance down the Sideways Coil/Triangle and I am mindful of false breaks in either direction! Support 1017 – 1015 with a key 50% Fib at 995!
Resistance above the Downtrend is the key 50% Fib 1047 & highs at 1059!
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