Soybean price tests the initial resistance – Analysis - 16-09-2021
Economies.com
2021-09-16 04:30AM UTC
Soybean price tests the resistance that appears on the chart, accompanied by witnessing clear overbought signals through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which its targets begin at 1270.00 and extend to 1225.90.
Note that breaching 1318.80 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1270.00 support and 1310.00 resistance.
The expected trend for today: Bearish
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