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Soybeans First Support At 881/880

Published 03/09/2016, 04:12 AM
Updated 07/09/2023, 06:31 AM
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Soybeans CME Chart

Soybeans first support at 881/880 but further losses could re-target good support at 875 for another buying opportunity today. However if we continue lower look for the next downside target and support at 869/868 and a bounce from here likely.

Holding first support at 881/880 re-targets resistance at 886/887. If we continue higher look for the next target of February highs at 890/890.50. We should struggle here initially but break above 891 targets strong resistance at 896/897 this week.

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