Soybean price surpasses the recent top – Analysis - 12-05-2021
Economies.com
2021-05-12 00:04AM UTC
Soybean price rallied upwards to surpass the recently recorded top at 1573.30 and settles above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our next main target at 1600.00.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1545.00.
The expected trading range for today is between 1560.00 support and 1600.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Brent Oil Trading Report Brent oil price is testing 84.77$ level and attempts to consolidate ...
Commodities
Crude oil price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Crude Oil Trading Report Crude oil price shows positive trades and attempts to breach 79.60$, ...
Commodities
Silver price forecast update 02-05-2024
2024-05-02 09:06AM UTC
Silver Trading Report Silver price continues to decline to move below the neckline of the double ...