Soybeans Test Resistance At 883/884
Jason Sen | Dec 01, 2015 07:46AM ET
Soybeans testing resistance at 883/884. However, be ready to buy a break above 885 to target November highs at 891. This is not strong resistance, so if we continue higher look for the next target and strong resistance at 893/894.
Failure to beat strong resistance at 883/884 risks a slide back to first support at 875/874. A good chance this will hold the downside despite overbought conditions, but below here look for minor support at 870/869 before a buying opportunity at 863/864. Longs need stops below 861. Just be aware that a break lower targets 857/856.
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