USDA was not kind to beans. Now projecting bullish butterfly. Might get a bearish flag on Monday, but wouldn't be surprised to see further downward momentum. Friday left a spinning top. RSI is getting very oversold, but could get even more oversold before turn around. Major resistance coming at 992 and next price target.
Comment:
Soybeans created a morning star doji today foretelling a possible turn around, however initial flag placed last night is turning bullish with this doji. More confirmation required. 1020 to 1000 now trading range for confirmation.
