Novembe21 SoybeansNovember21 Soybeans - Daily: Beans have been trading lower, stuck inside a down trending channel. If the trend remains intact next week, support would be offered from 12.09 to 11.84. A hard break below the current trend would target the lower line.
Nearby resistance would be the blue Tenkan line at 12.62 and then the red Kijun line at 12.69.
Beans have failed to push above either line since mid-July. I will look at reestablishing targets above when we get a daily close above either the red or blue line…
