Soybean price touches the first target – Analysis - 20-10-2021
Economies.com
2021-10-20 04:20AM UTC
Soybean price succeeded to achieve our first target at 1245.00 and faces solid resistance there, noticing that stochastic attempts to gather the positive momentum, waiting to motivate the price to resume the positive trades to surpass the mentioned level and head towards 1270.00 as a next station.
Therefore, we will keep our bullish overview on the intraday basis conditioned by the price stability above 1225.90.
The expected trading range for today is between 1225.00 support and 1250.00 resistance.
The expected trend for today: Bullish
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