Tuesday, 8 March 2011
Soybeans and other markets
re Beans ..This is either a damm good place to buy or on the 'edge of the cliff'.....I personally favour lower prices and the fact that price action has stuck to the yellow LMLP like glue perhaps indicates that it is maintaining downside pressure, however the stochastics indicate it is oversold in multiple TF's but as we know they are/can be wrong and we are beginning to see weakness in other grains despite strong fundamentals.
DX as per yesterday
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