MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Tue Jan 7, 2014 02:09 PM CST

Which came first, the chicken or the egg? Or in the case of the March soybean contract, the bullish crossover by its daily stochastics or a bullish technical signal on its daily chart? A look at said daily chart shows the answer to be daily stochastics.

Not to say that it wasn't close, with the contract coming within fractions of establishing a bullish outside day. After trading below Monday's low of $12.69 1/4 March soybeans rallied above Monday's high of $12.82 1/4, posting a high of $12.83 Tuesday. All that was needed was a higher daily close to complete the ...

Quick View
Related News Stories
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN's Quick Takes
DTN Midday Grain Comments
Shaw: Under the Agridome
DTN Before The Bell Grain Comments
Exporters Report Corn Sale
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments