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Soybean Bulls Gain Some Momentum, But Need to Show More Power to Suggest Uptrend Can Be Sustained

November 6, 2018 by Jim Wyckoff

The soybean market has seen a solid price rebound recently, to suggest a harvest low was put in place in September. The bulls have more work to do to suggest a price utprend can be sustained. A move in January soybean futures above stiff chart resistance at the October high of $9.06 1/4 would provide the bulls with the power to then suggest prices could trend sideways to higher into the end of the year. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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