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

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