date:Jul 02, 2013
pport at $12.25. First support is seen at Mondays low of $12.38 and then at $12.30. First resistance is seen at $12.50 and then at Mondays high of $12.59. Wyckoff's Market Rating: 3.5.
December soybean meal closed down $8.00 at $366.00 Monday.
Prices closed nearer the session low and hit a fresh five-week low. The meal bears now have the near-term technical advantage. The next upside price breakout objective for the bulls is to produce a close above solid technical resistance at last weeks h