Soybeans - November22 WeeklyNew Crop beans quickly moved up to fill the primary (162% retracement) target at 14.14 and continued further to 15.55. The Close below the blue Tenkan line will have Nov22 beans searching for price action down to the red Kijun line at 13.74. Volume by price is running low below 14.00 and that should concern the bulls as further risk would be in the 13.10 area.
New upside targets will be made on a confirmed low. Until then, the 14.60 area offers strong resistance above.
