22nd May - Soybeans Challenge Key Resistance
22 May 2013
WEEKLY CHART – CONTINUATION:
The channel base projection was eroded but a 61.8% retracement has also provided support. We currently wait to see if a better recovery can set in.
DAILY CHART – Jul-13:
The recovery from the multi-month range base has now returned to the range top near the 50% recovery level. This remains key for the bulls, and a clear breach would at least target the higher 1541.10 76.4% retracement. The 1423.75 30-Apr high offers support now.
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23rd May - US Dollar Index Nearing Long Term 76.4% Retracement ![]()
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16th May - Sell Gold: it wants to go weaker ![]()

