Monday, April 28, 2008

Strong Soybean Buying

Note in this chart that on the 3 minute chart on the left, the Klinger Volume indicator suggests that very solid, strong buying of soybeans has set in now. The two green arrows inside the blue oval show that very strong volume-based buying has not only put in a low for soybeans, but that some very large market players are buying very heavily, even though prices remain toward the lower end of today's trading range.