Soybean price within a positive pattern – Analysis - 22-07-2021

2021-07-22 04:15:45 GMT (Economies.com)
 

Soybean price’s recent trades are confined within bullish pennant pattern that appears on the chart, which means that breaching 1395.00 will provide good positive motive that supports the expectations of continuing the bullish trend, which targets 1413.00 followed by 1433.70 levels mainly.

 

Therefore, the positive scenario will remain active for the upcoming period conditioned by the price stability above 1370.00.

 

The expected trading range for today is between 1365.00 support and 1415.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1844
0.0056
0.4785%
1.3905
0.0108
0.7817%
Tadawul
10933.73
22.68
0.21%
24.994
-0.217
0.861%
72.366
0.725
1.012%
74.74
0.31
0.42%
1809.745
7.610
0.422%
 
 
Live Forex Updates