Near Term Trend: Bearish / Neutral
Fridays Close: 940 2/8 (+5 4/8)
UPDATE: Last week, I suggested selling soybeans near 947 5/8 with a target of 870 and with stops on any close above 949.
I still believe the rally will stop at 947 949 and new lows will be made in the coming weeks / months.
I would sell soybeans on any bounce to 947 5/8. The downside target is $870. Stop out above $948 2/8.