FIS Technical – Soy July Daily

FIS Technical – Soy July Daily

Technically bearish last week with a neutral spin due to the depth of the pullback we highlighted the futures looked vulnerable to a further test to the downside, targeting 852 7/16 cents. Price has moved lower from 880 to test the 852 7/16 support, making a low of 854 1/4 cents. The futures remain technically neutral due to the deep pullback above the 889 3/8 on the 25/03/20, however from a Fractal perspective (I.E. lower highs and lower lows) the trend is still considered as bearish To view the full report please click on the link