Soybean price surpasses the extended target – Analysis - 23-06-2022
Economies.com
2022-06-23 04:33AM UTC
Soybean price opened today with strong decline to surpass our waited target at 1470.00 and settles below it, opening the way to suffer more losses on the intraday and short term basis, waiting to head towards 1402.10 as a next main station.
Therefore, the bearish trend will remain valid for the upcoming period, taking into consideration that breaching 1470.00 will stop the current negative pressure and lead the price to achieve some intraday gains.
The expected trading range for today is between 1400.00 support and 1490.00 resistance.
The expected trend for today: Bearish
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...