Soybean price breaches the resistance – Analysis - 03-06-2020
Economies.com
2020-06-03 03:36AM UTC
Soybean price rallied upwards yesterday to succeed breaching 850.40 level and holding above it, which supports the continuation of our bullish overview efficiently for the upcoming period, opening the way to visit the next correctional level at 871.40.
Moving above the EMA50 supports the positive overview, which will remain valid conditioned by the price stability above 850.40 and 844.30 levels.
The expected trading range for today is between 850.00 support and 865.00 resistance.
The expected trend for today: Bullish
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