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May soybeans are forming something like "Low Price Gapping Bearish".
This is what I see from the formation. We have a long bear body for
Friday, small bear yesterday and today the market closed lower than the
open. If tomorrow's prices close lower than the open with a small "body"
it is very likely that Thursday they will open at a gap lower, which
will signify the beginning of a new downtrend. Any idea out there?
Peter Castellani
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