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Soybean price hits the target – Analysis - 13-09-2023
Soybean price managed to achieve our waited target at 1348.30 and settles near it, and we suggest surpassing this level to achieve additional negative targets that extend to reach 1311.70 areas on the near-term basis.
Therefore, the bearish trend scenario will remain valid and active, organized inside the bearish channel that appears on the chart, taking into consideration that failing to break 1348.30 will lead the price to start recovery attempts that target testing 1374.50 areas before any new attempt to decline.
The expected trading range for today is between 1320.00 support and 1365.00 resistance.
The expected trend for today: Bearish
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Corn price completes the negative pattern – Analysis - 13-09-2023
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