Thursday 31 March 2011

Ummm....a slight hiccup with Soybeans/ Grains

Talk about a gap up on opening!
The Euro electronic session closed at 14.15 today at around 1378-00 and opened at 16.30 strongly higher at 1415-00 before trading upto 1431-50 before easing off the highs.
But the warning signs were there. I have left the two d-sloping forks neither of which have a CL touch. Recent price action has been all about a reaction line that has held price below 1375-00. I will publish the reaction line chart for beans but it is so distorted due to this move that it will need a few hours to even out so the lower TF's can be viewed.

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