Soybean price touches the first target – Analysis - 10-05-2021
Economies.com
2021-05-10 00:27AM UTC
Soybean price managed to touch our second target at 1573.00, starting today with bearish gap to move around 1550.00, noticing that the price trades positively to hint continuing the main bullish trend, which gets continuous support by the EMA50.
Therefore, we will keep our bullish overview for the upcoming period conditioned by the price stability above 1527.20, noting that breaching 1573.00 will push the price to 1600.00 as a next station.
The expected trading range for today is between 1545.00 support and 1570.00 resistance.
The expected trend for today: Bullish
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