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Soybeans
The price of soy beans has been at an especially sharp upwards trend for over eight months running, without even the slightest technical correction. The price movements of the last three months created the classic ceiling reversal pattern, which broke downwards, giving the first signal of a possible reversal in soy bean prices.
The downward movement is expected to move at least to the first meaningful support level around 1299 US dollars, and perhaps even down to the lower level around 1130, should the negative momentum move into high gear.
