March Soybean Bearish Bat
Soybeans rising off of RSI low and previous bullish Gartley. Next projection Bearish Bat. R1 should take us to RSI top, but not necessarily full RSI overbought territory. Next upside target 981 at pivot. We are also nearing 20 day moving average break.
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Soybeans running into trouble. Expect retest for uptrend line and possibly falling below S1 at 953'7. If supported we may be into a three drives scenario.
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Soybeans trying to make a run for S2 at 937'1. Oversold condition won't last long however beans has no where to run to the upside with world markets as they are. USDA report next week.
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There is a bull flag forming on March Soybeans. Pivot at 981 would be a first upside target.
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Soybeans pushed back with shooting star doji. May see buy to pivot Monday.
