SINGAPORE: The CBOT soybean November contract may test a support at $13.96 per bushel, a break below which may open the way towards $13.67-1/4 to $13.85 range.
The contract has broken a rising trendline.
CBOT soybeans may retest resistance at $14.31-1/4
The break confirms a reversal of the uptrend from the July low of $12.88-1/2.
Resistance is at $14.13-3/4, a break above which may lead to a gain to $14.23-3/4.
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