Soybean price attempts to recover – Analysis - 03-12-2020
Economies.com
2020-12-03 05:00AM UTC
Soybean price leaned on the main bullish channel’s support line and begins building new bullish wave, and according to the trading rules inside the channels, the price is on its way to achieve rises that target 1198.70 and extend to 1233.00 areas on the short term basis, which makes us suggest the domination of the bullish trend in the upcoming sessions.
Therefore, the bullish bias will be expected for today unless breaking 1139.50 level and holding below it.
The expected trading range for today is between 1145.00 support and 1175.00 resistance.
The expected trend for today: Bullish
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