JaceYoung
Long

August Soybean Futures Long

CBOT:ZSQ2016   SOYBEAN FUTURES - ECBT
20 0 1
The market has recently made a valid double bottom with some bullish divergence on the RSI Indicator Below. This is also a pretty good zone of prior support/resistance and a 61.8 Fib Retracement of the previous move up leg. I am projecting the market to push higher into the 1080 range before it creates a small pullback from that zone. It definitely has the potential to continue its push up to retest the 1200 level like it did in June. Time will tell. Let me know your thoughts.
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