Midday update for Soybean price 23-10-2020

Soybean price leaned on the minor bullish channel’s support line and rebounds bullishly from there, to keep the bullish trend scenario valid and active for today, supported by the positive overlapping signal provided now by stochastic, waiting to visit 1096.90 as a next main station, reminding you that it is important to hold above 1062.40 as a first protection factor to the continuation of the suggested bullish trend.

The expected trading range for today is between 1060.00 support and 1090.00 resistance.

The expected trend for today: Bullish