Short term view - Soybeans, Nov16, Chicago : The 50% retracement is close.
In our previous short term analysis (18/10/2016), we were positive.We remain positive with a target at 996,25 $ and an invalidation level at 966,25 $.
The bullish trend is interrupted by a pull-back.
Arguments :
- The major support is close.
- The 50% retracement is close.
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