11 min read grains-weekly

Weekly Grain update 4/23/23

Weekly Grain update 4/23/23
Photo by K. Mitch Hodge / Unsplash

Soybeans

Trend Swing Point Target
Long Term 1352.00 1680.25
Intermediate Term 1481.00 1564.50
Short Term 1481.00 1564.50
As of: 4/21/2023, 4:41:50 PM

May
The rally from the 38.2% retracement at 1480.00 on 4/10/23 made only a slightly higher high this week and failed to close above the 78.6% retracement at 1519.00. It did get two closes above the 1508.25 major Gann square, however it was right back below it on Wednesday and Friday it hit 1480.00 again.

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