Note how solidly the selling appears in this chart versus the erratic buying in the one in my last posting. They are solidly red and moving downward quite strongly. When erratic trading conditions emerge, I typically will exit the trade as soon as I can assure myself of even a small profit. The sellers definitely have the upper hand today. Soybean prices appear poised to end the session today below the Exponential Moving Average on the daily chart, thus meeting one of the three conditions for a medium-term bearish posture that I wrote about earlier today.Still, soybeans appear likely to close the session down only about 25 cents from yesterday's settlement. That is far from lock limit down!
