Soybean price within sideways track – Analysis - 18-02-2020
Economies.com
2020-02-18 05:51AM UTC
Soybean price shows sideways trading recently, keeping its stability below 904.80, which keeps the bearish trend scenario active for the upcoming period, and the price needs to break 893.90 to confirm heading towards our negative targets that begin at 876.30 followed by 870.00.
On the other hand, we should note that breaching 904.80 will stop the expected decline and leads the price to achieve more bullish correction on the intraday basis.
The expected trading range for today is between 895.00 support and 905.00 resistance.
The expected trend for today: Bearish
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