Soybean price rises again – Analysis - 20-11-2020
Economies.com
2020-11-20 04:49AM UTC
Soybean price bounced upwards strongly after 1160.00 level formed solid support barrier against the price’s recent decline, to reach the thresholds of 1189.50 areas again, which hints that the price is on its way to achieve more expected gains in the upcoming period, as breaching the last level represents the key to rally towards 1206.50 direct.
Therefore, the bullish trend will be suggested for the upcoming sessions conditioned by the price stability above 1160.00.
The expected trading range for today is between 1175.00 support and 1200.00 resistance.
The expected trend for today: Bullish
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