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TFC Commodity Trading Forum

Soybeans *PIC*

Our key target was the week of March 9th with the opposite trend implied thereafter into the week of March 16th (NOTE: this can be intraday or on a closing basis).

The strongest target in the Weekly array is the week of March 30th for a turning point ahead, at least on a closing basis. We have overall 2 Weekly Directional Change targets ahead which align with a main turning point on the top line of the Array. Therefore, the week of April 20th is the next target followed by the week of April 20th and the week of May 4th should be an important target. Directional Change targets that align with the top line for turning points often unfold as the main cyclical events. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction. It does appear we have a choppy period starting the week of March 9th until the week of March 16th with each target producing the opposite direction for that 2-week period. Thereafter, we see the next target coming into play as the week of April 13th until the week of May 4th, but we do have a key target arriving also on the week of April 20th with again each target producing the opposite direction for that 4-week period.

However, the important target during that period will be the week of April 20th. Still, when we look at the next higher time level, we see that a high formed during Monthly.