OREANDA-NEWS. March 11, 2015. CBOT soybeans May contract looks neutral in a range of \\$9.91-1/4 to \\$10.00-1/2 per bushel, and an escape will point a direction.

The range has been formed by the 61.8 percent and the 50 percent Fibonacci retracements on the rise from the Jan. 30 low of \\$9.61-3/4 to the March 2 high of \\$10.39.

A break below \\$9.91-1/4 may signal a continuation of the preceding downtrend from \\$10.39 towards \\$9.80, the 76.4 percent level, while a break above \\$10-1/2 could lead to a further gain to the 38.2 percent level at \\$10.09-1/2.