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Soybean Futures
Long

Soybeans - Look at this interesting chart

By Razvan
Updated
Look at this really interesting chart of Soybeans. I entered long Corn almost a week ago and I was waiting for a good signal on soybeans. The price reached the rejection line of the descending channel. Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.
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Descending ChannelDivergenceRelative Strength Index (RSI)Soybeansupmove
Razvan
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