Soybean is trading in rising wedge structure which is bearish in nature. Close below 13.90 will open for target of 13.35. It has not touched 65 DeMa since upside breakout which indicates mean reversion may be on card to cut out loose hands. Overall trend is still bullish for $15.30 -16
Dear friends, Don't follow me blindly...what i am sharing here, is my knowledge not signals I am sharing my view through Elliott waves from past 4 yrs....i learned tons and tons here and market taught me lot and still teaching and i am listening to the market...and i am getting a lot of PM's regarding NEGATIVE COMMENTS from my friends...i am sharing here my view...
Om Namah Shivay Soybean has been trading long from some time. Soybean looks short time bear and has capability to move to 16096 upside. The 14094 and 14362 level to be watched. Om Namah Shivay
Amazing week, is there more to go?
Today we look at the weekly close for risk levels and short and long term targets
Look from Wheat is bouncing back right from from the polarity reversal zone. can wheat become gold. I will buy & store some wheat.