Soybean Update

Keep an eye on soybeans at this level for a possible reversal.

The price is currently at the purple VWAP from the high.

Will sellers step in at this level or the green 50 Week Moving Average to push the price down the confluence of the 200 Week Moving Average and the 0.618 Fibonacci level?

We will wait and see.

The blue dashed line represents direction, not time.