Soybean price under the negative pressure – Analysis - 02-10-2020
Economies.com
2020-10-02 03:50AM UTC
Soybean price opened today’s trading negatively to break the bullish channel’s support line that appears on the chart and settles below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 993.40 mainly.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1026.00 followed by 1039.60 levels will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1000.00 support and 1030.00 resistance.
The expected trend for today: Bearish
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