Soybeans Special Update 1/15/23

Soybeans
March

From last week,

It never got back above the 1265.00 major Gann square and swing point and Monday it closed below 61.8% at 1252.00 and stayed below it all week.

Use 1252.00 as the swing point for the week.

Below it, look for 78.6% of the 5/31/23 low and 7/24/23 high at 1207.00.....

After the report on Friday, it traded down to 1207.00 (1203.00 low) and after a 20 cent rally it closed 3 ticks below the 1225.00 major Gann square.

Here is what to look for now,