Soybean buyers stepped in at the Golden Zone of the 0.618 and 0.65 Fibonnacci Retracement from the December low to the February high.
Our next level of interest for resistance is the confluence of the following:
0.382 Fib level,
the 50-day Moving Average,
200-day MA
dark blue Anchored Volume-Weighted Average Price
light YTD AVWAP

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