Near Term Trend: Negative
Fridays Close: 963 4/8 (+4/8)
UPDATE: Soybean futures have rolled over and appear to be headed down to 926. I feel this is the last of a five wave primary sequence to the downside.
We would be shorting all bounces in beans back up to 987 with stops in place on any close above 990 and with a downside target of 927.
Only consider longs down at 927, but honor stops on a close below 925.