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The resistance is the Feb. 21 high. Even though soybeans have pierced above this level, confirming a preceding uptrend, they eventually failed to stand firm above it, indicating a dissipation of the bullish momentum. The bearish divergence on the RSI indicator also suggests soybeans are technically very weak, and are due for a correction. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.