Soybean price gathers the positive momentum – Analysis - 11-12-2019

Soybean price shows sideways trading now to move near 906.2 level, which represents the first protection factor to the continuation of the correctional bullish trend, noticing that stochastic reaches the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 906.2 and 902.5 levels, reminding you that our next main target is located at 915.9.

The expected trading range for today is between 902.5 support and 915.9 resistance.

The expected trend for today: Bullish