Midday update for Soybean price 22-04-2021

Soybean price succeeded to breach 1500.00 to confirm extending the bullish wave on the short term and medium term basis, and the ways is open to achieve our next target that reaches 1540.00, noting that the EMA50 supports the suggested positive scenario, which will remain valid unless breaking 1500.00 and holding below it, as a first condition to achieve the waited targets.

The expected trading range for today is between 1485.00 support and 1530.00 resistance.

The expected trend for today: Bullish