This is our post for the month of October on soybeans. Both Gann's 14yrs and 30yrs cycle harmonics are due to turn between very late September and early October. There are a couple of PTVs[1] which have completed in the cash market as well.
The figure also shows a small harmonic of Gann's 30yrs cycle turning in early October. October is the most important month for extreme low prices in the soybean market.
[1] PTV stands for Price-Time Vector. This concept was introduced by Bradley Cowan in his writings. Both PTV and Price-Time Vector are trademarks of Bradley Cowan.
Next post: Update: Soybeans - October 2016
Cycle analysis
Figure 1 is a daily price-time chart for cash soybeans at Central Illinois. It shows a harmonic of Gann's 14yrs cycle (red) which is due to turn in late September until early October. This harmonic was mentioned in our 2016 soybean roadmap. |
| Figure 1 Daily cash prices for soybeans at Central Illinois from 2014 to 2016. Gann's 14yrs and 30yrs cycle harmonic turning in late September - early October 2016. Combined PTV lengths adding up to 4th Square of Twelve. |
The figure also shows a small harmonic of Gann's 30yrs cycle turning in early October. October is the most important month for extreme low prices in the soybean market.
Geometry analysis
Figure 1 contains two PTVs defining the bull market from March 2016 until June 2016 and the down trending market from June 2016 top until the present. The sum of the lengths of these two vectors equals the 4th Square of Twelve.Summary
We presented a short analysis on the current soybean market status. It is possible that we could see a rally from here, especially if the market brakes the previous smaller tops.[1] PTV stands for Price-Time Vector. This concept was introduced by Bradley Cowan in his writings. Both PTV and Price-Time Vector are trademarks of Bradley Cowan.
Next post: Update: Soybeans - October 2016
Ricardo Da Costa
Grain Market Analysis
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