July Soybeans rising higher. Potential target 990'2 to build out a Bearish Cypher.
Comment:
Soybeans created a double top today. If it can break through, we should be on our way to 990'2. If not fall back to trendline.
Comment:
Soybeans failed to break double top. See fall back to trend. If bulls can muster something tomorrow, might see some climb.
Comment:
Soybeans continues to push up on a wedge shape suggesting further upside. Tuesday we will see if this breaks 974 and stays above. There is still a bearish force on this market and will probably see another downside move. Next upside target 990.