Feb 12, 2016

US Soybeans - Triangle Pattern Update

        During the yesterday's trading session the price reacted to the lower triangle line as I expected. This usually appears when the price is not ready to breakthrough the triangle. Sentimentally it means the buyers and the sellers have equal strengths and positions, painting sharp and nasty moves in range. 
Good luck waiting!

Feb 8, 2016

US Soybeans - Triangle Pattern

        Since last September US Soybeans has been moving sideways painting pretty nice triangle pattern. According to few technical theories the price target should be projected to the downside, but not before breakthrough the lower line of the pattern .  Untill then we are doing nothing.
Please wait for update.