Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: beans/Wayne

That chart pattern tends to be wildly bullish. Price breaks out above the downtrendline and then quietly pulls back to the uptrendline but on the upper side of it with small little bars like a Flag. This one even has its uptrendline there as extra support. Price usually explodes up from there. But keep in mind it is a Grain and loves to screw your head up more than most markets do. But I sure the hell wouldn't bet against that pattern. Clearing 14250 of both March high points would suggest new highs and be an even more bullish pattern. All of April into mid May is a bullish time for Soybeans seasonally.

Messages In This Thread

Re: beans/Wayne