Saturday, October 24, 2009

SOYBEANS



The key levels to watch for the upcoming week are the 1040 H and the 878.75 L.
The minimum upside objective is 1060.25, where [C] = 61.8% of [A]. [C] = [A] 1172.50.

We do have a slight RSI divergence as well. RSI last peaked at the early August highs. Price has made two successive highs while RSI made lower highs each time. This is something to watch.

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