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Greetings Traders!
November Soybeans hit important resistance today and then went down to
make lower prices immediately.
652 is significant based on either Fibonacci or Gann, whatever your
tastes are. Note the Range Calc printout below. A .gif is provided for
those who have browsers that can see it.
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TTC ver 2.4 - FIBONACCI RANGE LEVELS CALCULATOR
Range Values (667)-(604)
Fibonacci Range Levels Gann Range Levels
---------------------- -----------------
691.07 667.00
667.00 659.13
-> 652.13 651.25
642.93 643.38
635.50 635.50
628.07 627.63
618.74 619.75
604.00 611.88
579.93 604.00
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Although prices may go down for a bit, the current bias is still UP
(underlying momentum/short term trend). If you choose to short, use
stops.
Trade well!
cheers!
:)
rick
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**** http://FSoftPublishing.com ****
Market Of The Week Forecast
http://FSoftPublishing.com/forecast/forecast.htm
Attachment Converted: "c:\eudora\attach\beans.gif"
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