March soybean futures a selling opportunity on more price weakness.
See on the daily bar chart for March soybean futures that prices have sold off this week, including dropping below what was strong near-term chart support at the January low of $12.62 1/2. A move below this week’s low of $12.60 would become a selling opportunity. The downside price objective would be $12.00, or below. Technical resistance, for which to place a protective buy stop just above, is located at $12.90. Remember that the mini grain futures contracts are a liquid and viable way to trade the grain futures markets.
