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CBOT soybeans neutral in $8.81-3/4 to $8.85-3/4 range

The range is formed by the 38.2pc and the 50pc retracements of the fall from $9.03 to $8.68-3/4. A break above
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By Reuters
  • The range is formed by the 38.2pc and the 50pc retracements of the fall from $9.03 to $8.68-3/4.
  • A break above $8.85-3/4 could lead to a gain to $8.89-3/4, while a break below $8.81-3/4 may cause a fall to $8.76-3/4.

SINGAPORE: CBOT March soybeans looks neutral in a narrow range of $8.81-3/4 to $8.85-3/4 per bushel, and an escape could suggest a direction.

The range is formed by the 38.2pc and the 50pc retracements of the fall from $9.03 to $8.68-3/4.

A break above $8.85-3/4 could lead to a gain to $8.89-3/4, while a break below $8.81-3/4 may cause a fall to $8.76-3/4.

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