Will soybeans be in the teens until harvest?

Market Pulse for August 27


On the daily chart in technicals we see a strong trend established with ADX at 49.5. MACD is bullish once again adding divergence from above the signal line and Stocahstics are in deep overbought territory, which I am not concerned about with ADX where it is at. Big question now is will we see a correction down before harvest? Maybe the weekly chart can help.

Click to enlarge.

Have a prosperous trading week.

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