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Soybean price under the negative pressure – Analysis - 12-03-2020
Soybean price ended yesterday below 876.30 level, and opened today with strong decline to confirm resuming the main bearish track, on its way to achieve negative targets that reach 847.00.
Therefore, the bearish trend will be expected for the upcoming period, organized inside the bearish channel that appears on the chart, noting that breaching 876.30 will stop the current negative pressure and leads the price to start new recovery attempts.
The expected trading range for today is between 850.00 support and 870.00 resistance.
The expected trend for today: Bearish
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