Tuesday Technicals – Soybeans – 2-12-2019

With all of the bearish fundamental news out there, why aren’t soybean prices accelerating lower?

If we get that next dip in Soybeans below $9.00 in May, that’s a good opportune time to add long positions for coverage.

  • Risk-reward of target price vs critical support is near 3:1 ration
  • Trend is up
  • RSI bull-market support at 40 is still holding
  • As much bearish fundamental news is out there, one has to ask,  “why are we still not accelerating lower?”