Soybean price resumes the decline – Analysis - 26-05-2023
1 week ago

Soybean price provided new negative trades yesterday to reach 1240.00 areas, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that our next main target is located at 1200.00.


Stochastic loses its positive momentum clearly to support the continuation of the expected bearish trend, which will remain valid unless breaching 1274.00 and holding above it.


The expected trading range for today is between 1230.00 support and 1275.00 resistance.


The expected trend for today: Bearish

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