Soybeans Weekly Continuous

Soybean – Weekly Cont: The cloud above offers tough resistance at last week’s high of 14.77. A weekly close into the cloud above 14.77, the red Tenkan line will be the next strong resistance at 15.36 (also a 50% retracement target). Support below is the blue Tenkan line at 14.14 and then an uptrend line climbing from 14.00. A failure below could have beans targeting the 12.88 swing low area.