Commodities

Midday update for Soybean price 26-10-2020

2020-10-26 09:19:26 GMT (Economies.com)

Soybean price shows negative trades now affected by stochastic negativity, and it might test the bullish trend line at 1068.00 before turning back to rise again.

 

In general, we will continue to suggest the bullish trend conditioned by the stability above the mentioned level, as breaking it will push the price to test 1054.00 areas and might extend to 1039.60 before any new attempt to rise, while the next main target of the expected bullish wave is located at 1096.90.

 

The expected trading range for today is between 1075.00 support and 1096.00 resistance.

 

The expected trend for today: Bullish

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