C/S/W price and more 11-28-22
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Started by metmike - Nov. 28, 2022, 2 p.m.

@kannbwx

CBOT #wheat & #soybeans have very different ideas on Monday with the former down 18 cents and the latter up 18. #Corn is in the middle, down about 1 cent at time of post.

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More on beans here:

https://www.marketforum.com/forum/topic/90664/

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By metmike - Nov. 28, 2022, 9:39 p.m.
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https://tradingeconomics.com/commodity/soybeans

Soybeans.

1. 1 week

2. 1 month

3. 1 year

4. 10 years

5. 40 years

1 week below. Very strong move up +35c since we tested support last night, which held solidly with a triple bottom formation short term. 


1 month. Testing short term resistance. 


1 year. Bear or bull wedge/flag/pennant. Which way  it breaks, above resistance or below support indicates if its a bear or bull formation. Prices have had a narrowing range since July.........Higher lows and lower highs.  Testing short term resistance but the real resistance is in the 1488 area which served as the highs for both July and September. Break above that is extremely bullish to the charts. 


10 years. Head and shoulders top forming? Or bull/bear flag/pennant/wedge.


40 years. Lofty prices. Triple top possible? New, higher trading range?