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Soybeans
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jpartner
Posted 8/20/2015 17:34 (#4743864 - in reply to #4743815)
Subject: RE: Soybeans


NoDakFarmer - 8/20/2015 15:50 You often talk about a press, JP. Is that what is happening right now in corn in your opinion? Ever since the report we have had small daily bars higher. Going down in time it shows that each little swing is just barely eacking out HH's. Feels like something is up, just not sure what.

Hi ND,

Not real sure what is going on there either.  Price is pulling back from the reports zoom through the LML, so until something is proven otherwise, to me this is a center, and this is price going back to retest the zoom.  It hasn't made where it to the ML yet where should go with high probability, and there is an evident center in the pullback.   We have a nice little shelf being built, so it's possible we will see them give it another push.  I personally like to see a failed swing higher, than a press through....maybe this one will fail?  I agree though.  Things have gotten pretty quiet.....





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