Soybean breaks the support – Analysis - 24-05-2022
Economies.com
2022-05-24 04:19AM UTC
Soybean price broke 1621.50 level clearly and closed the daily candlestick below it, to return to the correctional bearish track again, on its way to achieve negative targets that start at 1580.00 and extend to 1537.60.
Therefore, the bearish bias will remain suggested for the upcoming period unless the price managed to breach 1621.50 and hold above it again.
The expected trading range for today is between 1580.00 support and 1630.00 resistance.
The expected trend for today: Bearish
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