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| The front month continuous soybeans recently broke to the upside out of the triangle it has been forming over the past 2 years. These moves are generally explosive. It is key though this week that last weeks 9.86 low hold in the August contract for this pattern to be valid. Just a simple measurement of the triangle measures to 12.78. As long as 9.86 holds look for soybeans too trend sharply higher the next few months. ** Remember charts turn before funnymentals do** | |
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Continuous soybean chart
