Tuesday, 15 February 2011

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Technical analysis: US soy complex futures

  • Tuesday, 15 February 2011
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  • March soybeans closed higher and near the session high Tuesday. Traders are awaiting Wednesday morning's U.S. Department of Agriculture supply and demand report, which is expected to be bullish. The soybean bulls have the strong overall near-term technical advantage at present. Prices are in a seven-month-old uptrend on the daily bar chart. The next near-term upside technical breakout objective



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