Soybean price loses momentum – Analysis - 14-04-2021
Economies.com
2021-04-14 02:28AM UTC
Soybean price settles below the resistance line that appears on the chart, falling under continuous negative pressure coming by the EMA50, noticing that stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1375.00 followed by 1304.00 after surpassing the previous level, reminding you that it is important to hold below 1420.00 to continue the expected decline.
The expected trading range for today is between 1375.00 support and 1400.00 resistance.
The expected trend for today: Bearish
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