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SOYBEAN FUTURES - ECBT

CBOT:​ZSQ2016
 
     
 
     
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ZSQ2016 Commodities Futures Chart

 

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JaceYoung JaceYoung ZSQ2016, D, Long
ZSQ2016: August Soybean Futures Long
22 0 1
ZSQ2016, D Long
August Soybean Futures Long

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 ...

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