Soybean price resumes the rise – Analysis - 13-01-2022

Economies.com
2022-01-13 05:04AM UTC

Soybean price provided clear positive trades yesterday and attempted to breach 1399.00 level, reinforcing the expectations of continuing the bullish trend, waiting for more bullish bias to visit 1433.70 as a next main target.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1380.00 and holding below it.

 

The expected trading range for today is between 1375.00 support and 1420.00 resistance.

 

The expected trend for today: Bullish

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