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
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