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Soybean price surpasses the recent top – Analysis - 12-05-2021
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
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Corn price keeps its positive stability – Analysis - 12-05-2021
Corn price kept its stability above the bullish channel’s support line, to keep the bullish trend scenario valid and active for the upcoming period, which targets 730.00 as a next main station.
MoreThe USDCHF within a negative pattern – Analysis - 12-05-2021
The USDCHF pair’s recent trades are confined within rising wedge pattern that its signs appear on the chart, thus, the price needs to break 0.9015 to get negative motive that supports the expectations of continuing the main bearish trend, which its next target located at 0.8900.
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