Soybean price reaches the target – Analysis - 24-02-2021
Economies.com
2021-02-24 05:26AM UTC
Soybean price continued its bullish rally to reach the thresholds of the waited target at 1432.20, reinforcing the expectations of continuing the main bullish trend, which gets continuous support by the EMA50, noting that breaching the mentioned level will extend the bullish wave to reach 1454.00 as a next main station.
On the other hand, we should note that breaking 1385.00 followed by 1370.00 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1390.00 support and 1440.00 resistance.
The expected trend for today: Bullish
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