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Soybeans Daily Forecast: Hits Target At 958/57

Published 02/02/2015, 08:51 AM
Updated 07/09/2023, 06:31 AM

Soybean Weekly Chart

Soybeans March hit the target 958/57 & bottomed at 955. First resistance at 964/965 but above here a selling opportunity at 970/971. Try shorts with stops above 973. A break higher targets 975/976 then a selling opportunity at 980/981.

Failure to beat 964/965 risks a retest of good support at 957/956. Try longs with stops below 955. Be ready to go with a break lower to target 952/951 then 948/947.

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