Advertisements

Soybean Price Analysis: Bullish Momentum Expected to Prevail

by Daisy

Soybean prices are poised with a bullish bias, anticipated to surpass the $1200.00 barrier, affirming the prospects of a sustained upward trend. Analysts foresee the next target at $1231.20, backed by the EMA50 indicator and recent completion of a double bottom pattern. Maintaining levels above $1193.10 is identified as a pivotal condition for the continuation of this anticipated ascent.

Today’s trading range is projected as follows:

Advertisements

Support: $1190.00

Advertisements

Resistance: $1230.00

The trend forecast remains bullish, underlining the prevailing positive momentum in the soybean market.

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News