making the complex understandable
Soybeans
Feb 10, 2011 was the first time beans hit the MAJOR top of $14.55
The 2-10-11 time window was expected to cause a major trend change in soybeans. The price action since has confirmed this expectation. Nearby soybeans have not seriously challenged this top. Deferred months, such as November soybeans, made a double top at the 3-31-11 time period, when a secondary cycle was due. The cycle due at the end of March seems to clearly have come in as a top. As a result the trend is turning lower with a series of lower tops in the nearby chart. Look for much lower prices in the coming months.
A MAJOR top is in place. The 2-10-11 top is a significant price level that will most likely not be broken. There is a major low in the grains expected next year, which leads us to believe prices will be much lower very soon.
On April 30th, our newsletter was mailed warning readers of the coming drop in soybean prices. Knowledge of cycles gave us the confidence to publish "the highs are in." For over 13 months now, the market has not been able to prove our cycles wrong. In this environment of record floods, and heat, 13 months is a LONG time. Yet, the bean market has not experienced the surge into new highs that many thought was inevitable. On August 31st nearby beans hit $14.56 which is one cent from the $14.55 top made on February 10th. Soybeans then began another persistent decline. Subscribe to our service now to be alerted to the changing trends. Do not be caught unaware!
NEARBY BEANS
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X = August 31, 2011 at $14.56
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