Commodities

Soybean price is stable above the support base – Analysis - 21-09-2020

2020-09-21 03:58:20 GMT (Economies.com)

Soybean price attempted to break 1039.60 level but it returned to hold above it, which keeps our bullish overview valid on the intraday and short term basis, which its next main target located at 1065.80.

 

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which will remain valid unless breaking 1039.60 followed by 1029.50 levels and holding below them.

 

The expected trading range for today is between 1035.00 support and 1060.00 resistance.

 

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.