Soybeans: Further Gains Offer Selling Opportunity At 958/959
Jason Sen | Sep 02, 2016 01:00AM ET
Soybeans November has reached 950/951 but further gains offer a selling opportunity at 958/959, with stops above 961. An unexpected break higher targets a selling opportunity at 968/969, with stops above 971.
Failure to beat first resistance at 950/951 re-targets 945/946. Outlook is negative in the bear trend with further losses looking for 942 then 938 lows. Further losses certainly not out of the question and targets 935/934 then 931/930 and 925/924.
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