Soybeans

A breakout week for beans. Price traded through the 1029.50 H, and more importantly, the 1041.50 H.
This more than likely signals that primary [C] of a double zigzag of cycle c has commenced.
There is still an outside chance that we are still tracing primary [B], though I believe those odds are low.
Upside targets are where (3) = (1) at 1100.50, and (3) = 161.8% of (1) at 1192.75. [C] = [A] at 1174.
Drilling down intraday, you see that price is having a struggle getting past the 1050 level. This happens to be the 127.2% expansion of (2), which does get my attention, but my guess is it will be short lived as resistance.
Bottom line - It was sort of a messy start to this leg, but things appear to be progressing in impulsive fashion. I am near-term bullish this market until proven otherwise.