Soybean price resumes the rise – Analysis - 11-08-2022
Economies.com
2022-08-11 04:04AM UTC
Soybean price provided new positive trades yesterday to move away from 1402.10, reinforcing the expectations of continuing the bullish trend, which targets 1470.00 mainly.
The bullish channel continues to organize the suggested bullish wave, which gets good support by the EMA50, noting that breaking 1402.10 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1400.00 support and 1470.00 resistance.
The expected trend for today: Bullish
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