Soybeans Post Buy Signal Last Week

 
Soybeans Post Buy Signal Last Week

Pro Farmer Senior Market Analyst Rich Posson says soybean futures made a buy signal last week and are due to rally from a Level 1 business-cycle low that occurs two to three times a year into a related top due in March. "Objectives for the coming rally range from $10.30 to $10.76 for the March contract," says Posson.

In the March soybean futures chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:

soybeans_feb92015

Once a week, Pro Farmer VIP Members have access to Pro Farmer's Tech Talk, compiled by Posson, who is a certified market technician. Click here to learn more about the service and click here to become a Pro Farmer Member.

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close