Darin Newsom DTN Senior Analyst
Thu Nov 14, 2013 12:13 PM CST

Waiting for the Close in Jan Beans

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 ...

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