Soymeal Reaching Upside Target, Soybeans Sitting at Resistance December 7, 2022
The soybean chart is interesting. This market is still in a four month sideways range. The recent two months have been limited to that 1478 1/2 peak from last week. Today's trade could be right next to that resistance. Bulls will note the close is what is important. Today's close would be better than last week's trade. It would be the fifth best close of this trade since July. The mid-point of this sideways trade is 1437 1/4.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Exports Expected Poor, Grains Move to a Range
June 2, 2023
-
Overnight Trade Puts Beans and Wheat in the Middle of Last Week’s Trade
June 1, 2023
-
Macro Selling Seen, Rain Coverage Increases
May 31, 2023
-
Weather Maps Add Rain, Funds Not Short Covering
May 30, 2023
-
End Of The Week, Holiday Short Covering
May 26, 2023
Market Movers
June 2, 2023
June 1, 2023
May 31, 2023
May 30, 2023
May 26, 2023
Snapshots
Snapshots