Soybeans and Rate of Change Potential
Beans – 3mo Continuous: Comparing our current Bull market with the previous major bull markets of the past 50 years. Currently the 24 mo ROC is at 92%.
If beans move to the upper trendline in the $20.00 area it would be a 130% ROC and would “pale in comparison” to the 06-08 and 71-73 bull markets.
A 200% ROC on the charts would look very ugly to some and wonderfull to others with a price area at $26.00
**Disclosure** Do not take this as trading advice. The potential is there for higher markets, but anything could keep us from getting above today’s High.
If beans move to the upper trendline in the $20.00 area it would be a 130% ROC and would “pale in comparison” to the 06-08 and 71-73 bull markets.
A 200% ROC on the charts would look very ugly to some and wonderfull to others with a price area at $26.00
**Disclosure** Do not take this as trading advice. The potential is there for higher markets, but anything could keep us from getting above today’s High.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.