Soybean gets attacks the resistance – Analysis - 13-05-2022
Economies.com
2022-05-13 04:29AM UTC
Soybean price traded with clear positivity yesterday to breach the bearish channel’s resistance and settles above it, to hint stopping the bearish correction that dominated the recent trades and head to regain the main bullish trend again, targeting testing 1621.50 initially, noting that breaching this level will push the price to 1660.00 as a next positive station.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 1590.00 and holding below it.
The expected trading range for today is between 1570.00 support and 1630.00 resistance.
The expected trend for today: Bullish
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