Soybeans : Critical Resistance 1776 *LINK*

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Soybeans : Critical Resistance 1776

As shown in the monthly cycle directional indicator the critical resistant point is positioning at 1775.9. The weekly cycle pivot centres are located at 1698.9 - 1720.5 - 1744.2. The bias is on the downside when the market is under the weekly cycle pivot centre at 1698.9. The monthly cycle charts suggest that the market is going to consolidate within the ranges at 1567.1 - 1667.3 - 1767.5 for the time being. Buy on dips is the preferred trading strategy.

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http://www.qindex.com/soybeans.html

Soybeans : Monthly Cycle Charts

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