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For those trading Soybeans, here is some PRICE information for 8/25 in
case you are interested.
According to TTC Formation Calc, support is expected here first at 613
(notice L1). If violated, then we would look down to the next level.
So far, it looks good at Level 1.
Here is the calc. For those who can see .gif's, one is also attached.
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(FIB) V Formation - Nov 97 Soybeans for 8/25
Target Date: 8-25
Formation Dates : 8-1 8-18 8-21
Formation Prices : 655.5 604 625
Target Date Levels: L1-612.82 L2-607.55 L3-603.02
L4-598.23 L5-591.89 L6-580.59
Fib Range Levels : 616.98 614.50 612.02 608.96
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cheers!
:)
rick
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Attachment Converted: "c:\eudora\attach\beans825.gif"
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