Soybean price approaches the target – Analysis - 26-07-2021
Economies.com
2021-07-26 03:52AM UTC
Soybean price opened today’s trading with strong negativity to approach our waited target at 1318.80, and we expect the continuation of the decline to break this level and achieve more negative targets that reach 1265.00.
The double tops patterns that appear on the chart support the expectations of the bearish trend domination, taking into consideration that breaching 1370.00 will lead the price to attempt to recover and achieve gains that start by testing 1414.00 areas.
The expected trading range for today is between 1310.00 support and 1350.00 resistance.
The expected trend for today: Bearish
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