Soybean price is recovering – Analysis - 29-11-2022
Economies.com
2022-11-29 04:48AM UTC
Soybean price rallied upwards strongly to breach the resistance line that appears on the chart and heads towards achieving more gains in the upcoming sessions, as it approaches 1470.00 level now, which breaching it represents the key to rally to continue the rise and visit 1490.00 followed by 1508.00 levels as next positive stations.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 1450.00 and holding below it.
The expected trading range for today is between 1450.00 support and 1490.00 resistance.
The expected trend for today: Bullish
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