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Soybean price consolidates positively – Analysis - 11-03-2020
Soybean price tested 876.30 level and kept its stability above it, to keep the bullish trend scenario valid for the upcoming period, noticing that stochastic begins to gather the positive momentum and gets rid of its negativity, waiting to motivate the price to resume the rise that targets 893.90 level mainly.
On the other hand, we should note that breaking 876.30 will stop the expected bullish bias and press on the price to resume the main bearish trend.
The expected trading range for today is between 875.00 support and 893.00 resistance.
The expected trend for today: Bullish
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