Commodities

Midday update for Soybean price 18-01-2022

2022-01-18 12:06:31 GMT (Economies.com)

Soybean price achieved initial break to 1360.40 level and closed the last four hours’ candlestick below it, which supports the continuation of our bearish overview efficiently for the rest of the day, waiting to head towards 1326.40 that represents our next main target, reminding you that it is important to hold below 1375.00 to continue the expected decline.

 

The expected trading range for today is between 1340.00 support and 1375.00 resistance.

 

The expected trend for today: Bearish

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