TECHNICALS-CBOT soybeans may retest resistance at $10.62-3/4
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The CBOT soybean March contract may retest resistance at $10.70 per bushel, with potential gains up to $10.81-1/2 if broken. A double-bottom pattern is forming around $10.39, suggesting a target of $11.00 if confirmed. Support is at $10.62-3/4; a break below could lead to a drop to $10.51-1/4 to $10.57-3/4. The daily chart indicates a bounce towards $10.82-1/2, with higher targets available if the market breaks $10.69-3/4. Analyst Wang Tao advises consulting professionals for financial advice.
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