Soybean price begins negatively – Analysis - 30-05-2023
Economies.com
2023-05-30 04:13AM UTC
Soybean price tested the bearish channel’s resistance and bounced bearishly by today’s open, to resume the main bearish trend, on its way to visit 1200.00 as a next main target.
The EMA50 continues to support the suggested bearish wave, besides the negative signals provided by stochastic, to keep the bearish trend scenario valid and active conditioned by the price stability below 1270.00.
The expected trading range for today is between 1225.00 support and 1265.00 resistance.
The expected trend for today: Bearish
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