Soybean price breaks the initial support – Analysis - 08-04-2021

2021-04-08 04:18:39 GMT (Economies.com)
 

Soybean price managed to break 1402.00 and hold below it, which supports the continuation of our bearish overview, paving the way to head towards our first waited negative target at 1375.00, noting that surpassing this level will push the price to 1304.00 as a next main station.

 

On the other hand, we should note that the continuation of the bearish wave depends on the price stability below 1420.00 and the most important below 1454.70.

 

The expected trading range for today is between 1375.00 support and 1410.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2059
0.0033
0.2761%
1.3867
-0.0086
0.6142%
Tadawul
10127.90
18.31
0.18%
26.064
0.273
1.056%
61.830
-1.348
2.134%
65.52
0.11
0.17%
1784.450
13.000
0.734%
 
 
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