Soybean price retests – Analysis - 26-05-2020
Economies.com
2020-05-26 00:24AM UTC
Soybean price retests the broken support line of the bullish channel that appears on the chart and keeps its stability below it, while stochastic begins to lose the positive momentum gradually, waiting to motivate the price to resume the main bearish trend, which its next target located at 816.30.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 846.40 level and hold above it.
The expected trading range for today is between 825.00 support and 845.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Gold rushes above $2400 as Israel attacks Iran
2024-04-19 07:41AM UTC
Gold prices rose in European trade on Friday, extending gains for a second day and trading above ...
Commodities
Gold returns higher towards $2400
2024-04-18 18:59PM UTC
Gold prices rose on Thursday as the dollar advanced against most major rivals amid mounting ...
Commodities
Gold advances towards unprecedented peaks
2024-04-18 09:21AM UTC
Gold prices rose in European trade on Thursday, resuming gains and moving once again towards record ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Brent Oil Price Analysis Expected Scenario The Brent oil price bounced downwards strongly ...
Commodities
Crude oil price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price couldn’t manage to hold ...
Commodities
Silver price forecast update 19-04-2024
2024-04-19 10:43AM UTC
Silver Price Analysis Expected Scenario Silver price returns to test the key support at ...