1. Fundamental Analysis:
- China has been on holiday the last week. beans are cheap when comapred to rest of global market.
- China needs to buy beans for nov coverage.
-when they get back you will see big buying which will allow us to have good exports.
2. Technical Analysis:
- looks promising
- big buying last couple days bringing increased momentum.
- forming nicely after bounce from the support
-ascending triangle forming within the
Look for a breakout through resistance of , then look for price to test upper side of .
If price is held at resistance, look for move to lower side for another bounce off of support.