July soybean futures a buying opportunity on more price strength.
See on the daily bar chart for July soybeans that prices are in a steep uptrend and have just hit a fresh eight-month high. The bulls have gained good upside near-term technical momentum recently. A move in prices above solid technical resistance at $15.00 would become a buying opportunity. The upside price objective would be $15.75, or above. Technical support, for which to place a protective sell stop just below, is located at $14.70. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain markets.
