Soybean price achieves clear gains – Analysis - 06-12-2021

Soybean price rallied upwards clearly after leaning on 1225.90 level and consolidating above it, to head towards achieving more expected gains on the intraday basis, on its way to visit 1318.80 as a next main target.

Therefore, the bullish trend will be expected for the upcoming sessions, and breaching 1270.00 will ease the mission of achieving the mentioned target, while holding above 1252.00 represents the first condition to continue the suggested rise.

The expected trading range for today is between 1255.00 support and 1300.00 resistance.

The expected trend for today: Bullish