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Technical analysis: Soybean prices are recovering

by 玛丽

July 12th, Economies analysts’ latest opinion today: Soybean prices broke through the level of 1348.30 and remained above this level, starting to rise and may test 1385.00.

It is worth noting that a break above this level could lead to the 1430.40 area.

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We therefore expect a more bullish bias over the next few sessions, supported by EMA50, noting that staying above 1348.30 is important to achieve the desired target. Today’s expected trading range is 1360.00-1400.00.

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