In a recent edition of my Astrology E-Alert, I penned a quick note for subscribers on the topic of Soybeans to illustrate the connection between Beans and Mercury Retrograde events.
The daily nearest chart embedded in this post has been overlaid with red boxes to denote the Mercury Retrograde events. I have further added the 18 and 55 day moving averages as well as a Jupiter harmonic line.
Note that in late January 2014 and into February, price action was below these moving averages. As Mercury turned Retrograde, price action moved up through these averages and a nice rally followed. As Mercury turned retrograde again last week, price action slipped under these moving averages and Soybeans now can be seen to be less than attractive from a chart technical point of view. We have about 12 days remaining in the Mercury retrograde event. Watch for some interesting price action to occur in alignment with the remainder of this Retrograde event.