The Bollinger Band parallels pattern for soybeans has continued into the evening trading session without any sign of let-up. I must keep in mind, however, that continued soggy weather in the grain belt will tend to be bearish for soybeans, if farmers are forced to grow soybeans instead of corn. Soybeans have already surfaced as the most active grain for trading this evening.Wednesday, April 2, 2008
Soybean Parallels Continue Into Evening Session
The Bollinger Band parallels pattern for soybeans has continued into the evening trading session without any sign of let-up. I must keep in mind, however, that continued soggy weather in the grain belt will tend to be bearish for soybeans, if farmers are forced to grow soybeans instead of corn. Soybeans have already surfaced as the most active grain for trading this evening.
