July Soybean Bullish Bat

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Soybean Mini Futures (Jul 2018) (CBOT_MINI:XKN2018)

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CBOT_MINI:XKN2018 Soybean Mini Futures (Jul 2018)

Pivot Points Bat

With all these Gartley patterns it's nice that we have a different setup on Soybeans. A bullish Bat may be in store for Soybeans. We are nearing a 20 day MA cross over. Again like Corn, Soybean Meal, Soybeans may use 20 day MA as support for another run up. We are watching breach of downtrend line for RSI.

評論:

Soybeans breached the 20 day MA. S1 target at 1028'6

評論:

Soybeans has stayed below the 20 day MA. Next downside target is still S1

評論:

Beans maybe building out a bear flag. Needs to break S1 at 1028'6 for any downside move. Right now S1 becomes support.

評論:

Beans crossed over the 20 day MA and pivot. Looks like a run to S1 1081'6 rather than a deeper slide. Will know more Monday.