January Soybean Futures a Buying Opportunity on More Price Strength
See on the daily bar chart for January soybeans that prices are in an uptrend and on Wednesday hit a three-month high. A move above resistance at Wednesday’s high of $10.86 ¼ would become a buying opportunity. The upside price objective would be $12.00 or above. Technical support, for which to place a protective sell stop just below is located at $10.35. Remember that the “mini” grain futures contracts are a liquid and viable way to trade the grain markets.
