Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Thu Nov 14, 2013 12:12 PM CST

January soybeans have posted an interesting session Thursday, with all eyes now on where the contract closes. Early in the day the contract moved below Wednesday's low of $13.07 1/2 before posting a solid rally to a high of $13.21 1/2, well beyond Wednesday's high of $13.17 3/4. Those familiar with this blog will recognized this could be either a bullish outside day, indicating the market should continue to extend its minor (short-term) uptrend, or a possible key bearish reversal. It all comes down to where the contract closes Thursday.

Finishing above Wednesday's settlement of $13.15 would establish the bullish ...

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