Soybeans end the year with new highs for the uptrend.

March soybeans filled the upside gap that was open to 1528 1/2, went to 1537 1/2, then set back to the bottom of that gap by the close at 1524. This could be seen as a completed upside chart target and light failure. Bulls would also point out it was a new high for this uptrend and also the best close yet for the uptrend. Good US export sales, Argentine dryness and hopes for Chinese buying ahead are factors.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.


Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers


Trader Insights

Morning Wake up Calls