Commodities

Midday update for Soybean price 06-08-2020

2020-08-06 09:05:05 GMT (Economies.com)

Soybean price resumes its negative trading to move away gradually from the broken support of the bullish channel, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 871.40 level as a next station, reminding you that the continuation of the bearish wave conditions holding below 888.50.

 

The expected trading range for today is between 870.00 support and 895.00 resistance.

 

The expected trend for today: Bearish

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