Soybean price heads towards the support – Analysis - 14-01-2021
Economies.com
2021-01-14 04:55AM UTC
Soybean price surpassed 1413.70 level and heads towards potential test to the bullish channel’s support line at 1388.00, noticing that stochastic provides positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 1448.50.
Therefore, the overall bullish trend will remain suggested for the upcoming period unless we witnessed clear break and hold below 1388.00.
The expected trading range for today is between 1388.00 support and 1435.00 resistance.
The expected trend for today: Bullish
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