Fibs suggest lower on SOYBEANS (4hr) Short

CBOT:ZSK2020240

Soybean Futures (May 2020)CBOT

Description

⋅ Apr 14, 2020 9:13 PM

Multiple rejections of prior swing tests on Soybeans suggest lower. My first target would lie at a modest -2%; but we could see much lower if we break below the low. This is a 4 hour time-frame, thus don't use this chart as a super-long reference.