March soybean meal futures a buying opportunity more price strength.
See on the daily bar chart for March soybean meal futures that prices are in a five-week-old uptrend and have just hit a three-month high. The bulls have the solid near-term technical advantage. A move above solid chart resistance at the September high of $434.10 would become a buying opportunity. The upside price objective would be $465.00, or above. Technical support, for which to place a protective sell stop just below, is located at $420.00.
