July Soybeans rising higher. Potential target 990'2 to build out a Bearish Cypher.
Note
Soybeans created a double top today. If it can break through, we should be on our way to 990'2. If not fall back to trendline.Note
Soybeans failed to break double top. See fall back to trend. If bulls can muster something tomorrow, might see some climb.Note
Soybeans continues to push up on a wedge shape suggesting further upside. Tuesday we will see if this breaks 974 and stays above. There is still a bearish force on this market and will probably see another downside move. Next upside target 990.
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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.