Soy Bean 13 Oct 2009

By referring to the chart above, seems like the soy bean futures will continue bullish for the next trading day. If the wave C is completed, then we will see a possible of Wave 1 of a 5 E-wave pattern.

Momentum: Bullish
Pattern: A possible Wave 1 if Wave C completed
Price: A strong narrow range resistance at 1016 - 1036 area

Trading strategy: Ready for long at opening bell