Soybean price achieves more gains – Analysis - 08-03-2021
Economies.com
2021-03-08 05:05AM UTC
Soybean price succeeded to achieve our second waited target at 1454.00 after the bullish rally that it witnessed by today’s open, and we expect the continuation of the bullish trend on the short term and medium-term basis, organized inside the bullish channel that appears on the chart, waiting to head towards 1467.80 as a next main station.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1432.20 and holding below it.
The expected trading range for today is between 1432.00 support and 1465.00 resistance.
The expected trend for today: Bullish
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