Soybeans:
Price has been moving mostly sideways between, roughly 1060 and 1090 during the past 7 or 8 sessions which usually is a continuation pattern. This means that there is, principally, still 50 points upward potential on very short notice but we would like to see same 50 points upswing during next week failing which we will turn the sign on 'neutral' and wait until a confirmed top gets drawn on the chart. Stops obviously have to be tightened.
Price has been moving mostly sideways between, roughly 1060 and 1090 during the past 7 or 8 sessions which usually is a continuation pattern. This means that there is, principally, still 50 points upward potential on very short notice but we would like to see same 50 points upswing during next week failing which we will turn the sign on 'neutral' and wait until a confirmed top gets drawn on the chart. Stops obviously have to be tightened.
