date:Apr 16, 2014
ating: 7.0.
May soybean meal closed up $6.30 at $479.20 Monday. Prices closed near the session high. The soybean meal bulls have the overall near-term technical advantage. Prices are in a three-month-old uptrend on the daily bar chart.
The next upside price breakout objective for the bulls is to produce a close above solid technical resistance at last weeks contract high of $490.90. The next downside price breakout objective for the bears is pushing and closing prices below solid technical sup