TECHNICALS-CBOT soybeans could retest support at $10.11-1/4
ReutersApr 1, 2025 2:44 AM
SINGAPORE, April 1 (Reuters) - The CBOT soybean May contract SK25 could retest support at $10.11-1/4 per bushel, a break below which could open the way towards $10.01-3/4.
A moderate bounce has been triggered, which may be capped at $10.16-3/4. The bearish readings are based on a completed bounce from $9.91.
A break above $10.16-3/4 may lead to a gain to $10.22.
Wang Tao is a Reuters market analyst for commodities and energy technicals. Views expressed are his own.
No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult their own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
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