March Soybean Meal Futures a Buying Opportunity on Fresh Price Strength
See on the daily bar chart for March soybean meal futures that prices have seen choppy and sideways trading recently. However, the bulls in recent weeks have shown impressive resilience. A move in prices above solid chart resistance at the December high of $365.40 would give the meal bulls fresh upside momentum and it would also become a buying opportunity. The upside price objective would be $400.00, or above. Technical support, for which to place a protective sell stop just below, is located at $350.00.
