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Soybean price achieves the positive target – Forecast today - 08-11-2024
Soybean price continued to rise to reach the waited positive target at 1028.80$, noticing that the price completed forming positive formation that supports the chances of surpassing this level to achieve additional gains that reach 1050.00$.
Therefore, the bullish trend will remain suggested in the upcoming sessions, noting that breaking 1014.00$ will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1015.00$ support and 1040.00$ resistance.
Trend forecast: Bullish
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Corn price builds support base – Forecast today - 08-11-2024
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