Video Timestamps
00:00 Introduction and Previous Analysis Recap
00:35 Soybean Rally and Resistance Levels
01:10 Sell Orders and Market Reactions
01:29 Moving Averages and Support Levels
02:05 Bullish Signals and Future Projections
02:27 Conclusion and Final Thoughts
Trent Klarenbach from Klarenbach Research analyzes the soybean market trends as of October 9, 2024.
The presentation revisits predictions from September 23rd, where soybeans were anticipated to be bullish above $10.40 with resistances at $10.55 and $10.70 and potential pullbacks to $10.26 and $10.12.
A recent rally saw soybeans hit a peak of $10.69, touching resistance but not surpassing $10.70.
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