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Market:

Soybeans: The Battle for $12.00 & $12.70 Price Targets

Trent Klarenbach -
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Rows of soybeans in a field by Jana Milin via iStock
Rows of soybeans in a field by Jana Milin via iStock

Nearby Soybeans continue to battle 12.00. We targeted 12.00 last fall for several reasons.  

The primary one is the round number, which was in confluence with other indicators. The 200-week Moving Average is one of them.   
 

The others are a secret.
 

The chart suggests to me that this rally is not over, and 12.70 is in the sights.

How will it get there?

In the most unlikely way.


 

I cover this technical setup and specific price targets in depth in the Klarenbach Grain Report. 

Join 3,500+ farmers getting sell signals and technical roadmaps here:

Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.  

                                                                                                                                                                                                                                                                                                                                                                                                                 

Klarenbach Research

                                                                                                                                                                                                                                                                                                                                                                                                                                                                 

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https://www.klarenbach.ca

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Related Symbols

Symbol Last Chg %Chg
ZSN26 1197-0 +1-4 +0.13%
Soybean

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