Soybeans
Soybeans:
Price has made a strong move up during most of April but is now running a bit out of breath and needs a correction before it can make another move up. Price is now in a 4 of (3) but has not made a decisive move yet to complete same 4. Ideally, price will make a move down to 975 during first half of the coming week before it reverses and develops its 5 of (3) which should take price up to the 1100 level during the remainder of May.
Price has made a strong move up during most of April but is now running a bit out of breath and needs a correction before it can make another move up. Price is now in a 4 of (3) but has not made a decisive move yet to complete same 4. Ideally, price will make a move down to 975 during first half of the coming week before it reverses and develops its 5 of (3) which should take price up to the 1100 level during the remainder of May.
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