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CBOT soybean November contract may retrace into a range of $13.01-1/4 to $13.07-1/4 per bushel after failing to break resistance at $13.16-3/4. The drop from $13.32 has been developing within a falling channel, with the downward wave 5 possibly unfolding toward $13.01-1/4. A break above $13.16-3/4 could lead to a gain
TradingView technical view says the CBOT soybean November contract (SX26) could retrace into $13.01-1/4 to $13.07-1/4 per bushel after failing to break resistance at $13.16-3/4. The decline from $13.32 is described as developing within a falling channel.
For more technical analysis, click TECH/C SINGAPORE, Sept 18 (Reuters) — CBOT soybean November contract may test the support at $13.07-1/4 per bushel, a break below which could open the way toward $12.97-1/4 to $13.01-1/4 range. A retracement analysis on the rise from $12.91-3/4 to $13.32 reveals a break below the supp
TradingView News notes CBOT November soybean (SX26) could test support at $13.07-1/4 per bushel; a break may open $12.97-1/4 to $13.01-1/4. Retracement analysis cites a prior break below $13.12 (50% level) as the trigger.