Midday update for Soybean price 02-12-2020
Economies.com
2020-12-02 10:37AM UTC
Soybean price shows more bearish bias to approach gradually from our waited target at 1139.50, to keep the bearish trend valid for today, supported by the negative pressure formed by the EMA50, noting that breaking this level will extend the bearish wave to reach 1121.20 as a next negative station, while holding below 1162.10 represents key condition to continue the expected decline.
The expected trading range for today is between 1139.00 support and 1165.00 resistance.
The expected trend for today: Bearish
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