Soybeans Weekly Continuous

CBOT:ZS1!   Soybean Futures
Soybean – Weekly Cont: The cloud above offers tough resistance at last week’s high of 14.77. A weekly close into the cloud above 14.77, the red Tenkan line will be the next strong resistance at 15.36 (also a 50% retracement target). Support below is the blue Tenkan line at 14.14 and then an uptrend line climbing from 14.00. A failure below could have beans targeting the 12.88 swing low area.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.