Yesterday's high was 78.6% of the recent range (2), the target on a break from here is 78.6% the other way at 34800 (3). In the overnight trade they failed to hold 38.2% (4), this violated the uptrend for now. The other support before the 34800 target is 61.8% at 35800.
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Jul
25
Weekly Grain/Livestock Update 7/25/24
Overview This week's highs in August and November Soybeans were only able to get to the previous major Gann squares
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Jul
18
Weekly Grain/Livestock Update 7/18/24
Overview Soybeans, Corn and Wheat remain under pressure and failed to get above their swing points for the week. We
13 min read
Jul
11
Weekly Grain/Livestock Update 7/11/24
Overview Soybeans failed to hold key long term 61.8% retracements and we are now looking for 78.6%. December
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Jul
03
Weekly Grain/Livestock Update 7/3/24
Overview August Soybeans traded down to the 1131.25 major Gann square and closed back above the 1157.00 swing
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Jun
27
Weekly Grain/Livestock Update 6/27/24
Overview This will be the last update for the July contracts in Grains. November Soybeans are sitting on a key
16 min read