Soybean price keeps achieving the negative targets – Analysis - 22-06-2022
Economies.com
2022-06-22 04:21AM UTC
Soybean price shows new negative trades by today’s open to succeed achieving our first extended target at 1510.00, moving inside bearish channel that supports the chances of continuing the bearish bias in the upcoming sessions, noting that our next target reaches 1470.00.
Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1537.60.
The expected trading range for today is between 1480.00 support and 1530.00 resistance.
The expected trend for today: Bearish
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