Soybean price breaches the resistance – Analysis - 08-12-2022
Economies.com
2022-12-08 04:32AM UTC
Soybean price breached 1470.00 level clearly and settled above it, to stop the recently suggested negative scenario and turn to rise, paving the way to achieve gains that start at 1500.00 followed by 1515.00.
The EMA50 supports the expected rise, which will remain valid unless breaking 1470.00 and holding below it.
The expected trading range for today is between 1450.00 support and 1515.00 resistance.
The expected trend for today: Bullish
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