Importantly, the technical outlook for soybean futures is compelling and that is good news for SOYB.
“Prices are now pulling away from both the 20 and 200 day moving averages and the RSI continues to strengthen with a current reading well into overbought territory at 81.32. With prices now at 16-month highs, we see some psychological resistance at 1000.00 and chart resistance at the December 2014 high of 1034.50,” adds OptionsExpress.
[related_stories]Teucrium Soybean Fund
