August Soy Beans (SQ9) Last: 10.44

The daily chart is still being hammered with downside pressure, but the indicator is in an over extended area of the chart and it is trying to turn up. Price is currently oscillating around PO2, the ____level. I seems to have found temporary support here. The target price for the move down should be ___. For price to move higher it would have to go through ____and then the first price objective, P, at ____. Any upside move could run into resistance at ___and ____. This analysis is based upon the daily chart only. Ira ...

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