Soybean price keeps declining – Analysis - 24-06-2022
Economies.com
2022-06-24 04:37AM UTC
Soybean price keeps providing the negative trades to approach our main waited target at 1402.10, and we suggest surpassing this level and suffer additional losses that reach 1318.20, as the price is affected by negative pattern that appears on the chart.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by the price stability below 1470.00.
The expected trading range for today is between 1380.00 support and 1480.00 resistance.
The expected trend for today: Bearish
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