Soybean price gathers the positive momentum – Analysis - 27-10-2020
Economies.com
2020-10-27 04:02AM UTC
Soybean price fluctuates within sideways track in the previous sessions and moves around 1080.00, noticing that stochastic gets rid of its negative momentum, while the EMA50 continues to provide the positive support to the price.
Therefore, we believe that the chances valid to resume the main bullish trend, which its next main target located at 1096.90, noting that it is important to hold above 1072.50 to continue the expected rise.
The expected trading range for today is between 1073.00 support and 1096.00 resistance.
The expected trend for today: Bullish
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