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Soybean Trading Strategies: Resistance and Support Levels Explored

Removing the Guesswork

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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