There have been a number of significant occurrences in the soybean market the past week to ten days.
This short video brings us up-to-date with unfolding cycles that indicate an important cycle low was made on September 9th and this cycle low was confirmed by the bullish pattern of 8-Week Momentum.
The video shows the Weekly Pattern is bullish.
The video shows the Daily Pattern is bullish.
The video shows that an Elliott Wave overlay on the Daily Pattern projects much higher prices.
The behavior of the Commercial-Hedgers confirms this bullishness. This is reinforced by the fact that the Large Speculators are buying beans. They are now NET LONG futures and options contracts.
The Video closes by showing three cycles that have Cycle Turn Windows projected for mid November. November will be an important time for soybeans.
I hope you find the video interesting and useful.