Soybean price approaches the target – Analysis - 21-11-2023
Economies.com
2023-11-21 04:11AM UTC
Soybean price opens today with clear positivity to approach our waited target at 1385.00, and we suggest surpassing this level to open the way to head towards the bullish channel’s resistance at 1406.50.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by moving above the EMA50, noting that failing to breach 1385.00 will push the price to rebound bearishly and head towards 1348.30 mainly.
The expected trading range for today is between 1350.00 support and 1400.00 resistance.
The expected trend for today: Bullish
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