Soybeans (1473.5) : Critical Point 1444.0
The market is stable when it is above the weekly cycle pivot centre at 1449.0.
Monthly Cycle Directional Indicator : [1133.0] - [1179.1] - 1211.2 - 1249.4 - 1278.7 - 1331.3 - 1387.0 - 1402.2 - [1405.0] - 1416.2 - 1431.7 - 1449.0
The monthly cycle frequency chart suggests that high momentum is required for the market to reach 1532.75. As shown in the monthly cycle reference / normal upper limits the market is working on the series at 1462.3 – 1485.4. Buy on dips is the preferred trading strategy.
Monthly Cycle Reference / Normal Upper Limits : 1462.3 - 1485.4 - 1496.8 - 1500.3 - 1534.0 - 1573.1 - [1726.5] - 1795.5 - [1843.2] - 1893.9 -[1907.6] - 1918.9
Qindex.com
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Soybeans : Monthly Cycle Charts
http://www.qindex.com/soybeans.html