Soybeans CBoTSoybeans:
Price continued its sideways move during the past week, be it with a wider range than before. The continuation pattern is still intact which indicates that the 1120/1130 range is still a valid target. We would have liked to see same target reached during the past week which did not happen and which makes us additionally wary. We want to hang on to our earlier set target for one more week but tighten the stops further.
