Soybean price completes the negative pattern – Analysis - 26-09-2022
Economies.com
2022-09-26 04:09AM UTC
Soybean price managed to break the neckline of the double top pattern to get negative motive that supports the expectations of continuing the bearish trend, approaching our waited target at 1402.10, noting that the mentioned pattern has negative targets that surpass the waited target to reach 1360.00.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 1470.00 and hold above it.
The expected trading range for today is between 1385.00 support and 1440.00 resistance.
The expected trend for today: Bearish
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