CBOT soybeans may retest support at $12.79-3/4
DBA•The CBOT November soybean contract may retest support at $12.79-3/4 per bushel, with a break below potentially opening a path to $12.71-1/2 to $12.76-3/4.
1. Support and bounce levels
A projection analysis of the downtrend from $13.27-3/4 identified a target zone of $12.71-1/2 to $12.76-3/4. The current bounce may end around $12.93 if weak or extend to $12.98 if strong.
