Swing Long: Double Bottom + Higher Low + Up-Trending ChannelTechnical factors:
Double bottom formed with a higher Low on the second retracement, which was also accompanied by volume accumulation.
Long-term upward trend (view weekly chart).
Up-trending channel in the medium-term.
Well-defined risk.
Low-volume node (LVN) that provides for an early/aggressive breakout entry (likely today).
Fundamental Factors:
WASDE yield estimates for beans this season are running high by more than two bushels per acre.