CBOT November soybeans biased to retrace into $12.96-3/4 to $13.04-1/2 band
CBOT soybean November (SX26) is biased to retrace into $12.96-3/4 to $13.04-1/2 per bushel, viewed as an incomplete correction from $13.24.
The CBOT soybean November contract (SX26) is biased to retrace into a range of $12.96-3/4 to $13.04-1/2 per bushel, as a correction from $13.24 looks incomplete.The correction is against the uptrend from $12.16-1/4.
It may consist of three waves.
The wave b seems to be ending around $13.17-1/4, to…