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kkgoh87
Oct 20, 2018 9:05 AM

Soybean Futures Momentum Bearish Short

Description

This week price closed with strong bearish momentum after hitting the reversal zone.

With production estimated up, and uncertainty with China trade, the bearish momentum may push further to 854 - 820 level in coming weeks.
Looking to complete the downward range to -27.2% level of the weekly Fibonacci retracement range.
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