Soybean price tests the resistance – Analysis - 07-12-2022
Economies.com
2022-12-07 04:53AM UTC
Soybean price traded with clear positivity yesterday to test the key resistance 1470.00, and keeps its stability below this level to keep the bearish trend scenario valid until now, waiting to head towards our main expected target at 1402.10.
On the other hand, we should note that breaching 1470.00 will lead the price to achieve new gains and visit 1500.00 – 1515.00 areas initially.
The expected trading range for today is between 1420.00 support and 1475.00 resistance.
The expected trend for today: Bearish
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