Soybean price resumes the rise – Analysis - 26-10-2021
Economies.com
2021-10-26 04:19AM UTC
Soybean price provided positive trades yesterday to reach the main bearish trend line that appears on the chart, attempting to breach it now, reinforcing the expectations of continuing the bullish trend, which targets 1270.00 followed by 1318.80 levels as next main stations.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 1225.90.
The expected trading range for today is between 1235.00 support and 1260.00 resistance.
The expected trend for today: Bullish
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