Near Term Trend: Negative
Fridays Close: 953 (+ 8 4/8)
UPDATE:
I was bearish on beans last week ahead of what I felt would be a decline to 927 or so. Im staying with the call fo rmore downside, but am revising my target to 917 7/8.
I would look to short all bounces back up to 962 prior to 918 being tested. Honor stops on any close above 962 and look to cover down at 918.
Only consider longs down at 918, but honor stops on a close below 915 and look for a bounce to 975.