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Soybeans: Bulls Require Close Above 905

Published 03/18/2016, 05:43 AM
Updated 07/09/2023, 06:31 AM

Soybeans Weekly Chart

Soybeans first resistance at 200dma at 905 of course. This remains a big challenge and bulls require a weekly close tonight above here to retain control into next week, then target 908 and 913/914 before December highs at 917/918.

Holding below 897 is less positive and targets first support at 894/893. A break below then targets second support at 886/885 which should hold the downside.

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