Soybean price tests the support base – Analysis - 09-03-2021
Economies.com
2021-03-09 05:27AM UTC
Soybean price settles at the support base formed at 1432.20 after breaching it previously, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the main bullish trend that targets 1467.80 as a next station.
Therefore, the positive scenario will remain active for the upcoming period conditioned by the price stability above 1432.20, as breaking this level will press on the price to test 1400.00 areas before any new attempt to rise.
The expected trading range for today is between 1430.00 support and 1455.00 resistance.
The expected trend for today: Bullish
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