Soybean price resumes the rise – Analysis - 07-01-2022

Economies.com
2022-01-07 04:57AM UTC

Soybean price bounced bullishly after testing the bullish channel’s support line, to head towards resuming the main bullish trend, on its way to achieve new positive targets that reach 1433.70.

 

Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 1370.00 and holding below it.

 

The expected trading range for today is between 1370.00 support and 1400.00 resistance.

 

The expected trend for today: Bullish

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