19th Apr - Soybeans Growing Towards 2011 Highs
19 April 2012
WEEKLY CHART – CONTINUATION:
The current upmove got underway just ahead of the old 1078.50 high, and nearby bull channel base projection, a key support area.
Focus has now returned to the 2011 highs and 76.4% resistance, but will it be a struggle breaking higher?
DAILY CHART – Jul-12:
This year’s recovery is now not far from the late Aug-11 1470.75 high. However, there will probably be a struggle to push higher in view of the prior long term 76.4% resistance (above) and the negative RSI divergence now visible, which indicates likely bull fatigue.
Any dip could find initial support at/above the recent 29-Mar 1356.00 take-off point. Below here the 1300.00 area (former support/resistance) offers interesting support.
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19th Apr - USD/CHF Holding at 23.6% Support 
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05th Apr - EUR/GBP Bears Still In Control