Soybean price loses momentum – Analysis - 25-05-2022
Economies.com
2022-05-25 04:10AM UTC
Soybean price settles below 1621.50 level, noticing that stochastic shows clear overbought signals, waiting to motivate the price to resume the negative trades to head towards 1580.00 followed by 1537.60 levels mainly.
Therefore, we will continue to suggest the bearish trend as long as 1621.50 level remains intact.
The expected trading range for today is between 1580.00 support and 1640.00 resistance.
The expected trend for today: Bearish
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