Midday update for Soybean price 03-05-2021
Economies.com
2021-05-03 09:34AM UTC
Soybean price tested the support base formed at 1527.20 and bounced bullishly from there, to keep the bullish trend valid and active for the upcoming period, which target 1573.30 as a next main station, noting that breaking 1527.20 will press on the price to turn to decline and head towards 1500.00 initially.
The expected trading range for today is between 1530.00 support and 1570.00 resistance.
The expected trend for today: Bullish
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