Soybean price faces solid resistance – Analysis - 01-12-2022
Economies.com
2022-12-01 04:08AM UTC
Soybean price attempted to breach 1470.00 but it found solid resistance there, which makes us suggest bouncing bearishly and trade negatively in the upcoming sessions, on its way to achieve negative targets that start at 1456.00 and extend to 1426.00.
Therefore, the bearish bias will be expected for today, noting that breaching 1470.00 and holding above it will stop the expected decline and lead the price to achieve new gains.
The expected trading range for today is between 1440.00 support and 1485.00 resistance.
The expected trend for today: Bearish
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