Soybeans Bullish Gartley Pattern
Soybeans bullish Gartley was adjusted up after making a top on Monday. Higher price was rejected Wednesday. How far this falls is conducive on Soybean sales and the crop being taken off in South America. 1036 would be a good area. Open Interest is rising supporting fall.
"Brazil is harvesting a big crop but rain the next few days could slow that process. USDA expects a 104.1 million metric ton harvest there, but private forecasts are larger with some at 105 million."
"Brazil is harvesting a big crop but rain the next few days could slow that process. USDA expects a 104.1 million metric ton harvest there, but private forecasts are larger with some at 105 million."
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