Soybean price under the negative pressure – Analysis - 04-05-2021
Economies.com
2021-05-04 00:31AM UTC
Soybean price could not manage to hold for long time above 1527.20 level, to trade with clear negativity and reach the key support 1500.00, expecting the continuation of the negative pressure to surpass this level and achieve more bearish correction, as the next target is located at 1475.50.
Therefore, we expect witnessing more decline in the upcoming sessions unless the price rallied to breach 1527.20 and hold above it.
The expected trading range for today is between 1480.00 support and 1527.00 resistance.
The expected trend for today: Bearish
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