Technical forecast for Soybeans

soybeans

Soybeans tore higher & gapped open this morning in a very bullish move as we hit 1389. If we continue higher look for 1396 then September’s high of 1409.

Below 1371 risks a slide to today’s low of 1348. A break lower would then see us fill the gap at 1332/31.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More