Soybeans CME : A Good Chance Of A High For The Day Here
Jason Sen | Oct 28, 2014 02:35AM ET
Soybeans recovery from the downside target of 969/968 & unexpectedly beat last week's high at 1001/1002. We are now challenging the upper resistance of a 3 week channel at 1009/11. A good chance of a high for the day here but shorts need stops above 1014. Be ready to go with a break higher to target 1019/20.
Failure to beat 1009/11 should trigger a move lower towards support at 993/992. If we continue lower good support at 984/982 should hold the downside. However longs need stops below 979.
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