March Beans – Daily: Beans have been consolidating into a symmetrical triangle. You can see at the right there is a high amount of volume in the current price range. A break below would target 12.09. A break above, would first test the 13.95 area and then the 14.36 high. A move above 14.36 would then target the 16.60 area. Bull’s, re-read that. First need to take out 13.95 then the 14.36….
Watch for high volume on breakout moves and be careful on any fake outs.
Watch for high volume on breakout moves and be careful on any fake outs.