Midday update for Soybean price 16-09-2020
Economies.com
2020-09-16 09:33AM UTC
Soybean price trades with clear positivity now to breach 993.40 and attempts to hold above it, which hints the price head to regain the main bullish trend, and the price needs to hold with a daily close above the mentioned level to confirm the continuation of the rise and stop the morning suggested negative scenario.
Therefore, we prefer staying aside now until the price confirms its situation according to 993.40 to detect the next destination clearly.
The expected trading range for today is between 980.00 support and 1000.00 resistance.
The expected trend for today: Neutral
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