Soybean – Weekly Cont: Aug contract leading the continuous chart. **Not all end user bids offered off the August Contract**
Using the recent swing low from 12.89 for retracement targets, the 50% 14.78 target aligns with the red kijun line and will be a tough line to cross. Above take your pick at 15.23, 15.86 and 16.24. Support is 14.33, 13.78 and 12.89. Further risk against the cloud with extended risk at 12.43, 11.43 and 10.00.
Using the recent swing low from 12.89 for retracement targets, the 50% 14.78 target aligns with the red kijun line and will be a tough line to cross. Above take your pick at 15.23, 15.86 and 16.24. Support is 14.33, 13.78 and 12.89. Further risk against the cloud with extended risk at 12.43, 11.43 and 10.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.