Soybean – Weekly Cont: Nov21 contract leading this continuous chart. The bean chart is showing the same technical construct as corn. Cloud support has been broken. I would like to see a close above the cloud and the downtrend line…Secondary cloud support down at 11.40. Gap in volume by price confirms the 11.40 potential.
Resistance above the cloud and trendline at 13.67. Plenty of volume between 13.60 and 14.30.
Resistance above the cloud and trendline at 13.67. Plenty of volume between 13.60 and 14.30.