21st Aug - Soybeans – Support Around the Corner?
21 August 2014
WEEKLY CHART – CONTINUATION:
Weakness, after violating the 1255.00 Nov-13 low, is now testing the 1094.25 2011 low and bear channel base, We look out for support here. Also see below.
DAILY CHART – Nov-14:
Losses earlier saw a violation of the 1088.25 Jan low. We have two Fibo projections here, the first at 1020.00 and the second at 970.00. Both offer potential targets, but the overall structure of the downmove suggests the former could provide support.
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14th August - The S&P remains strong