Midday update for Soybean price 22-01-2020
Economies.com
2020-01-22 11:16AM UTC
Soybean price shows positive trades to approach testing the key resistance 928.2, noticing that the EMA50 forms negative pressure against the price to stop the bullish bias, while stochastic shows clear oversold signals.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 928.2 and holding above it, reminding you that our targets begin by breaking 918.2 level to confirm opening the way to head towards 908.1.
The expected trading range for today is between 910.0 support and 928.0 resistance.
The expected trend for today: Bearish
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