Markets

CBOT soybeans turn neutral

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Strategically, an escape from the triangle will indicate the direction of the following trend, and most likely, the trend will be bearish, as soybeans are riding on a downward wave "III".

A rise above $11.90 per bushel will confirm an extension of the wave "c" towards $12.00, while a fall below $11.68 will open the way to $11.53.

No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Copyright Reuters, 2012