Midday update for Soybean price 04-05-2021
Economies.com
2021-05-04 08:37AM UTC
Soybean price shows positive trades after leaning on the EMA50, to reach the thresholds of the key resistance 1527.20, and as we mentioned this morning, the price needs to hold below this level to keep the correctional bearish scenario active, which its targets begin by breaking 1500.00 to confirm heading towards 1475.50.
The expected trading range for today is between 1480.00 support and 1527.00 resistance.
The expected trend for today: Bearish
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