Soybean price surpasses the resistance – Analysis - 23-11-2020
Economies.com
2020-11-23 05:03AM UTC
Soybean price managed to breach 1189.50 level and settles above it now, which supports the continuation of our positive overview efficiently for the upcoming period, opening the way to head towards our next target that rises to 1209.70.
Therefore, we are waiting for more rise on the intraday and short term basis supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1178.00, as breaking this level will press on the price to start correctional bearish wave before turning back to rise again.
The expected trading range for today is between 1185.00 support and 1200.00 resistance.
The expected trend for today: Bullish
Commodities News
Commodities
Gold recovers as dollar loses ground
2024-05-06 09:32AM UTC
Gold prices rose in European trade on Monday for the first session in three days away from ...
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 Technical Analysis
Commodities
Brent oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Brent Oil Price Analysis Brent oil price is affected by stochastic positivity, trading ...
Commodities
Crude oil price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Crude Oil Price Analysis Crude oil price fluctuates positively to approach testing the key ...
Commodities
Silver price forecast update 06-05-2024
2024-05-06 11:08AM UTC
Silver Price Analysis Silver price breached the 26.90$ level clearly and closed the last four ...