Soybean price keeps its negative stability – Analysis - 17-09-2021

Soybean price settles below the resistance line that appears on the chart, and begins to provide negative trades now, on its way to resume the expected bearish wave on the intraday and short term basis, waiting to visit 1270.00 followed by 1225.90 as next main stations.

We remind you that the continuation of the suggested bearish wave depends on the price stability below 1318.80.

Note that breaching 1318.80 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 1270.00 support and 1300.00 resistance.

The expected trend for today: Bearish