Friday, 18 February 2011

Soybeans (QBS #F)...the proof of the pudding


Carrying on from this weeks charts
This RL did exactly what was expected of it. The forecast is for lower prices and a retracement of some decent proportions. In the 1 hr chart price is in contact with the RL. Now we wait to see if price will hold above 1360 but i suspect we will see a test of the 1350.00 area



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