March soybean oil futures present a buying opportunity as prices trend higher, hitting a two-month high. China buying U.S. soybeans supports the soybean complex. A move above resistance at 53.29 cents would give bulls more power, with an upside target of 59.00 cents. Technical support at 50.67 cents. Be cautious with futures trading due to volatility and risk. Jim Wyckoff does not hold positions in mentioned securities.

Read more at Yahoo Finance: Buy Bean Oil as China Resumes Soybean Purchases