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Advisor

soybeans knocking on heavens door Cx-1

Been here three times will she bust thru.
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4 Replies
Advisor

Next stop

the Gates of Hell.

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Veteran Advisor

Re: Next stop

more imp technically, is they could not sell off on 3 attempts last few months on weekly chart....w/in th next 30-45 days she'll start getting REAL jumpy!

 

been in this narrow/sideways channel going on 5th month now...rule of thumb for any chart - longer time like this = more energy buildup = longer time and price-wise breakout move will be.

        last time channel of these characteristics was 2010 when prices climbed about 47% from channel low.  

 

what are the gates of hell, BF?

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Advisor

Generally right in the middle

of my farm in mid July.

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Veteran Advisor

Re: Generally right in the middle

they are up tonight looking to test 1340 -- might test top of channel again = 1350 tomorrow?

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