Soybean price resumes the decline – Analysis - 20-09-2021
Economies.com
2021-09-20 08:11AM UTC
Soybean price shows more bearish bias to approach our first negative target at 1270.00, waiting to surpass this level to confirm extending the bearish wave towards 1225.90, supported by moving below the EMA50.
Holding below 1318.80 is important to continue the expected decline, as breaching it will lead the price to turn to rise and achieve gains that start by visiting 1380.00 followed by 1414.00.
The expected trading range for today is between 1265.00 support and 1290.00 resistance.
The expected trend for today: Bearish
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