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03rd Oct - Soybeans Slip to Key Long Term Supports

03 October 2013

MONTHLY CHART – CONTINUATION:

Recent resistance came from the old 1663.00 2008 high. The market has returned to the long term bull channel base support – failure here would give the bears a boost.

WEEKLY CHART – CONTINUATION:

A recent bounce off the 76.4% retracement found clear resistance from the old channel base. The slip back to the 76.4% level raises expectations of a break lower, which would then expose the 1094.25 Dec-11 low.

 

 

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03rd Oct - USD/ZAR Dips Hold Above Main Support

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26th September - The S&P remains strong

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