USDA was not kind to beans. Now projecting bullish butterfly. Might get a bearish flag on Monday, but wouldn't be surprised to see further downward momentum. Friday left a spinning top. RSI is getting very oversold, but could get even more oversold before turn around. Major resistance coming at 992 and next price target.
Note
Soybeans created a morning star doji today foretelling a possible turn around, however initial flag placed last night is turning bullish with this doji. More confirmation required. 1020 to 1000 now trading range for confirmation.
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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.