Are Soybeans about to break out, or is this massive rally out of gas?Â
Soybeans have had a great rally from the December 2024 low.
The 200-week moving average has brought in sellers twice in the past three months.
Meanwhile, the price has found support at the rising 50-week MA.Â
We are currently consolidating right under major dynamic resistance.
The price appears poised to be squeezed between the moving averages before a breakout or breakdown.
Are you buying the beans on a dip or waiting for a confirmed breakout above the 200 moving average?
I cover this technical setup and specific price targets in depth in the Klarenbach Grain Report.Â
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.                                                                                                                                                                                                                                                                                                                                                                                                                                          Â
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