July soybean futures a buying opportunity on fresh price strength.

See on the daily bar chart for July soybean futures that recent upside price action negated a downtrend line and prices on Tuesday hit a four-week high. The bean market bulls would gain fresh upside momentum by pushing prices above solid chart resistance at $14.00. That would also become a buying opportunity. The upside price objective would be $14.85, or above. Technical support, for which to place a protective sell stop just below, is located at $13.65. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain futures markets.

July Soybean Futures Chart