Soybeans: Price Pullback & Key Support Levels

Removing the Guesswork

Author

Trent Klarenbach
January 24th, 2025

In today’s video, we discuss the recent price movements in the soybean market as of January 24th, 2025

We examine the nearby futures contract Daily chart, noting a significant breakout above trend lines and the 50-day moving average, followed by a rally to the 200-day moving average.

Video TimeStamps

00:00 Introduction to Soybean Market Analysis

00:10 Analyzing Recent Soybean Trends

00:28 Understanding Moving Averages and Trend Lines

01:15 Profit Taking and Market Pullbacks

01:49 Future Market Predictions and Strategies

02:48 Conclusion and Final Thoughts

Video and Summary

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