Soybean price continues to decline – Forecast today - 19-04-2024
Economies.com
2024-04-19 04:20AM UTC
Soybean Price Analysis
Expected Scenario
- Soybean price shows more bearish bias to reach 1140.00$ areas, providing slight positive trades now, affected by stochastic positivity, waiting to resume the bearish wave that targets 1131.40$ as a next station.
- The EMA50 continues to support the expected decline, noting that breaching 1193.10$ will stop the bearish trend and lead the price to achieve new bullish correction that its next target reaches 1231.20$ areas.
Expected Outcome
The expected trading range for today is between 1131.00$ support and 1165.00$ resistance.
Trend Forecast: Bearish
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