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Soybean price surpasses the resistance – Analysis - 25-01-2024
Soybean price begins today positively to move away from 1239.40 level and confirm the continuation of the bullish correction on the intraday basis, and the way is open to head towards our next positive target at 1261.20.
Therefore, the positive scenario will remain valid and active for the upcoming period, supported by the positivity of the technical indicators, noting that breaking 1239.40 will stop the bullish trend and push the price to return to the main bearish track again.
The expected trading range for today is between 1235.00 support and 1260.00 resistance.
The expected trend for today: Bullish
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