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For more technical analysis, click TECH/C SINGAPORE, Oct 13 (Reuters) — The CBOT soybean November contract may retest the support at $12.76 per bushel, as the downtrend from $13.09 may have resumed. The trend is supposed to extend to $12.65-1/4, the 138.2% projection level of a wave a wave c from $12.99-1/4, because it
The November soybean contract may retest support at $12.76 per bushel as its downtrend may have resumed.
CBOT soybean November contract (SX26) may retest support at $12.79-3/4 per bushel, a break below which could open the way toward the $12.71-1/2 to $12.76-3/4 range.A projection analysis on the downtrend from $13.27-3/4 reveals a target zone of $12.71-1/2 to $12.76-3/4 formed by the 261.8% and the 2…