Soybeans January hovering between strong resistance at 1262/63 and good support at 1247/45, being oversold on the daily chart. Immediate resistance at 1262/63 which could hold a move higher again today. However any shorts need stops above 1267 for a selling opportunity at 1271/72.
Immediate support at this week's low of 1247 could hold the downside again today. We have further support at 1245 so only below 1244 keeps the market under pressure and could target 1237/36.