Midday update for Soybean price 27-01-2020

Economies.com
2020-01-27 11:16AM UTC

Soybean price succeeded to touch our waited target at 895.70 and shows additional negative trades to break this level and moves below it now, which supports the expectations of extending the bearish wave on the intraday and short term basis, paving the way to head towards 875.70 as a next station, reminding you that the continuation of the bearish wave depends on the price stability below 908.10.

 

The expected trading range for today is between 890.00 support and 908.00 resistance.

 

The expected trend for today: Bearish

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