Soybeans:
Price has been moving sideways for most of the week but made an impulsive move up of 2% during Friday's session which makes us believe that a bit more upside is in the cards for the coming week after which we still anticipate price to reverse and resume its downtrend. A decisive close above the 1025 level will bring price to our critical resistance level...
Beanoil:
Price traded further into its resistance area of the 3200 level and actually traded higher than what we would have liked to see. For twice in a row (Thursday and Friday) price traded into our pre-set stop-loss zone but still closed below same stop levels and we are still in position. Even though the resistance zone is tested more severe than we initially...