Thursday, July 5, 2012

Soybeans - Getting interesting


Courtesy of farmtofair.blogspot.com



The price of soybeans surged to its upper trend line heading towards July 2008's historical high of 1660. Is this the last surge to form a 'double top' reversal pattern ? Or is the price going to break this resistance line for a new bull run and to set a series of new historical highs for soybeans ?  This is going to be interesting in the coming weeks, so are the plantation stocks in Bursa Malaysia.

Click 'Beans' to have a peep at Nora's childhood on a soybeans farm.


Courtesy of Lauritzenfarm



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