Soybean price attempts positively – Analysis - 28-01-2020
Economies.com
2020-01-28 06:02AM UTC
Soybean price achieved some gains yesterday after finding solid support at 895.70 level, to test the bearish channel’s resistance that appears on the chart, waiting to rebound bearishly to resume trading inside this channel followed by breaking the mentioned level to open the way to visit 875.70 level that represents our next main target.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 908.10 level and holding above it.
The expected trading range for today is between 890.00 support and 908.00 resistance.
The expected trend for today: Bearish
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