Soybean price hits the first target – Analysis - 07-05-2021
Economies.com
2021-05-07 00:12AM UTC
Soybean price succeeded to achieve our first waited target at 1548.00 and settles near it, waiting for more rise to head towards our next target that reaches 1573.00.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1527.20 and holding below it, as breaking this level will put the price under the correctional bearish pressure again.
The expected trading range for today is between 1535.00 support and 1570.00 resistance.
The expected trend for today: Bullish
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