Weekly key reversal down

[swmnfarmer2878522]

In the weekly beans.  The bulls better be full aware of where they are in the charts. A break of 13.85 or the big volume node Leads to a possible flush down to 11.35.  Be nimble and take these lifetime profits

[sdholloway56]

Market is currently working to stave off that outcome. We'll see.

I'm feeling a little cautious at the moment- caught between a bit of a warning shot for bulls and the turn in the seasonal.

Not forgetting that these remain good prices and the insurance guarantee is strong, so things are pretty good.

[sdholloway56]

I define a key reversal as a fully ungulfing bar- new highs followed by a close below the low of the pervious bar. That doesn't appear to be in the cards for the moment.

Mon's daily shooting star is a bit concerning, but of a lesser degree, I think.

[swmnfarmer2878522]

The key reversal down was completed at the close.  Should see weakness ahead.  In fact it is the second key reversal seen at these highs.