Weekly Grain update 4/23/23
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.