Soybean price keeps the positive stability – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:49AM UTC
Soybean Price Analysis
Expected Scenario: Continuing Bullish Trend
- Soybean price attempted to break the $1193.10 level but ended yesterday above it, maintaining the active bullish trend scenario, with the next main target at $1231.20.
- Stochastic provides positive signals supporting the expectations for further rise, which will remain valid unless the $1193.10 level is broken with a daily close below it.
Expected Trading Range for Today
- Support: $1185.00
- Resistance: $1220.00
Trend Forecast: Bullish
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