MURICO.com Forum

Soybeans *PIC*

Crossing green lines on a close is not good for shorts. The daily is pointing to the next cycle high that was formed on the 10th of Feb., 16.33, this will be your next target for a reversal...as long as it doesn't close above it. Closing above is bullish and warns that the market will travel up to the next reversal...16.67. The Blue vertical line is on the 24th for a turning point. You have three up bars also. The next monthly line to cross is at 16.2350, it is currently over two green lines that are about to be elected on a monthly close.

Here's the daily chart.

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Soybeans *PIC*
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