Dominate Your Market
by Jim Wyckoff
The soybean futures market last week dropped to a six-month low but has since made a strong recovery to produce a bullish V-bottom reversal pattern that suggests a market bottom is in place. However, the bean bulls still have some more work to do in the near term as a price downtrend is still in place on the daily bar chart. See the support and resistance lines on the chart. Stay tuned! Jim Wyckoff
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