The Future Road – with technical analysis

The URL below is the Area chart of soybean in March, 2013.

http://www.agrimoney.com/futures.php?page=chart&sym=ZSH13&domain=agrimoney&display_ice=1&studies=Volume;&cancelstudy=&type=AREA

It comes from agrimoney – public side.

I confused in the soybean market of 2013, march. Since the price shows a downward trend, and hits the lowest support level. I would think that the price may go up because of lowest support level.  But the triangle shows it may continue to go down.

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The URL below is the Area chart of soybean in March, 2013.

http://www.agrimoney.com/futures.php?page=chart&sym=ZSX12&domain=agrimoney&display_ice=1&studies=Volume;&cancelstudy=&type=AREA

It shows downward trend in couple of days, so I would continue to hold short in next week.

 

The URL below is the area chart of wheat in July,2013

http://www.agrimoney.com/futures.php?page=chart&sym=ZWN13&domain=agrimoney&display_ice=1&studies=Volume;&cancelstudy=&type=AREA

The price hits the support level and then goes down. But no other top or bottom to support the downward trend. Only use a common knowledge ” when price hits the top then may go down”. Thus I would stay for one or two days before make new contract.

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