RT Swing Trader Blog | News
13Oct/090

November Soybeans reach target objective!

10/13/09 - 9:05  am MST - After posting a low of $8.78 3/4 on the October 5th reversal swing day, November Soybeans futures have closed higher 5 days in a row, gaining over $1.34 in during that time. The reverse/forward count was used to project a minor reversal swing day for Monday, October 12 and a price target objective of $10.13.  On Tuesday, October 13th--one day after the projected reversal swing day--November Soybeans have traded to a high of $12.12 1/4 before backing off to $9.93. This is a great example of Time and Price confluence in the markets.

November Soybeans

November Soybeans

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