MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Sat Dec 1, 2012 08:30 AM CST

There is no denying that Jan soybeans closed the last week of November under pressure, giving market bears a good feeling heading into winter (my unofficial calendar has winter beginning the first of December, lasting through the end of February). But, this group may not want to hibernate too soundly given some of the technical signals that were triggered despite the selloff.

A look at the Jan beans weekly chart shows the contract did indeed stumble to a close of $14.38 3/4 after posting a weekly high of $14.60 (top chart). However, weekly stochastics (market momentum, second study) show the ...

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