Soybean price attempts to recover – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:58AM UTC
Soybean Price Analysis
Expected Scenario
- The soybean price has returned to rise after a previous decline, remaining consolidated above the EMA50.
- It is waiting for more intraday rise to target 1193.10$ mainly.
- Stochastic current negativity might hinder the price's mission to rise, causing some temporary sideways fluctuation.
- Continuation of the bullish wave requires holding above 1170.00$ and 1155.00$ levels.
Expected Trading Range
Between the support at 1165.00$ and the resistance at 1193.00$.
Trend Forecast: Bullish
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