I have a buy limit at 1290 for Soybeans. Stop is at 1270 with a target of 1380. As I stated before, I think Soybeans made an important low in November.
For Soybean Oil, I have a sell limit at 55 with a stop at 56 and a target of 45. The price action in this market is very bearish. The past 2 months I have been trying to catch this down trend only to get knocked out for a loss each time.
If these markets begin to pull away from my limits next week, I will cancel the orders.