Posted 1/30/2019 16:44 (#7285135 - in reply to #7284946) Subject: RE: Soybeans, a change in the trend.
Centre county Pennsylvania, USA
FWIW, today's 23 market day regression fork (RF) technical indicator for SOYB (soybean futures ETF) shows soybean futures prices are trending up at a rate of 0.10%/day (1% every 10 market days). Attached RF chart shows trend projected soybean futures prices will likely continue to rise at that rate in the near future.
The chart shows the projected trend line and +- 2 sigma projected trend lines as the head of a fork that exists in the future. The zone between the +- 2 sigma projected trend lines is the RF price forecast 95% statistical confidence level zone when prices are normaly distributed. That zone has lower confidence level for any other distribution.
As always, past performance is no guarantee of future performance.
Soybeans, a change in the trend.
