Soybean price under the negative pressure – Forecast today - 09-05-2024
Economies.com
2024-05-09 03:42AM UTC
Soybean Price Analysis
Forecasts and Analysis
- Soybean price traded with clear negativity yesterday, breaking 1231.20$ and settling below it, falling under expected negative pressure in the upcoming sessions.
- The bearish bias will be suggested for today, with the next main target at 1193.10$.
- Breaching 1231.20$ again will reactivate the correctional bullish wave and push the price towards 1262.10$ areas on the near-term basis.
Expected Trading Range
The expected trading range for today is between 1210.00$ support and 1240.00$ resistance.
Trend Forecast: Bearish
Commodities News
Commodities
Gold scales fresh record highs and marks weekly gains
2024-05-17 21:03PM UTC
Gold prices rose on Friday and scaled fresh record highs, marking the second weekly profit in a ...
Commodities
Silver about to trade above $30 once more for first time in 3 years
2024-05-17 11:54AM UTC
Silver prices rose in European trade on Friday, resuming gains and approaching $30 an ounce for the ...
Commodities
Gold hovers near four-week high ahead of Christopher Waller's remarks
2024-05-17 09:13AM UTC
Gold prices rose in European trade on Friday, resuming gains and approaching four-week highs, and ...
Commodities Technical Analysis
Commodities
Wheat price touches the channel’s support line – Forecast today - 20-05-2024
2024-05-20 03:56AM UTC
Wheat Price Analysis Expected Scenario The wheat price managed to touch the bullish ...
Commodities
Sugar price keeps declining – Forecast today - 20-05-2024
2024-05-20 03:56AM UTC
Sugar Price Analysis Expected Scenario The sugar price returns to decline after the ...
Commodities
Soybean price within tight range – Forecast today - 20-05-2024
2024-05-20 03:56AM UTC
Soybean Price Analysis Expected Scenario The soybean price keeps moving within a tight ...