Soybean price approaches the first target – Analysis - 13-04-2021
Economies.com
2021-04-13 03:17AM UTC
Soybean price provided additional negative trades yesterday to start pressing on the key support 1382.00, reinforcing the expectations of continuing the bearish trend, as it approached the first waited negative target at 1375.00, expecting to surpass this level to open the way to head towards 1304.00 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1420.00 and holding above it.
The expected trading range for today is between 1370.00 support and 1395.00 resistance.
The expected trend for today: Bearish
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