Soybean price resumes the negative attempts – Analysis - 08-04-2020
Economies.com
2020-04-08 05:02AM UTC
Soybean price provided clear negative trades yesterday to attack 859.80 level, reinforcing the expectations of the continuation of the bearish trend domination on the intraday and short term basis, reminding you that our next main targets located at 851.40 followed by 846.00.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 868.30 level and hold above it.
The expected trading range for today is between 850.00 support and 868.00 resistance.
The expected trend for today: Bearish
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