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Soybean price approaches the first target – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:25 UTC
Soybean Price Analysis
Expected Scenario
- Soybean price continues to decline, gradually approaching the first awaited negative target at 1164.00$.
- Moving within a bearish channel that supports the chances of continuing the bearish wave to achieve additional negative targets.
Expected Outcome
Suggesting a bearish trend for the upcoming period, supported by the EMA50.
Expected Trading Range
Between 1150.00$ support and 1185.00$ resistance.
Trend Forecast: Bearish
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