Tuesday, June 3, 2014

Soybeans "2014 Highs Are In"

The weekly chart shows Soybeans upward Trend form 2013 has displayed Weakness at Price(W@P) configuration ..with price supply just above 1550 ..the institutional buyers are taken profits and unwilling to straighten their position.

...Brazil Pressure
money markets will add significant currency pressure ... Brazil is second to only the USA in exports of
soybeans... the daily chart shows significant change in trend as this is transparent at the upper trend on the weekly chart.

BZF (WisdomTree Brazilian Real Strategy Fund)

Daily Chart
Weekly Chart

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