Soybean price resumes the bearish bias – Forecast today - 17-04-2024
Economies.com
2024-04-17 03:39AM UTC
Soybean Price Analysis
Expected Scenario
- Soybean price provided new negative trades yesterday, nearing the intraday bullish channel’s support line.
- Further decline is expected to visit 1131.40$, representing the next main target.
- The bearish trend is suggested for the intraday and short-term basis, supported by negative pressure from the EMA50.
- Continued holding below 1193.10$ is a major condition for the expected decline to continue.
Expected Trading Range
Between 1131.00$ support and 1170.00$ resistance.
Trend Forecast: Bearish
Commodities News
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
Gold about to trade above $2400
2024-05-16 09:55AM UTC
Gold prices rose in European trade on Thursday, extending gains for the third straight session and ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that ...
Commodities
Crude oil price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price shows slight negative trades ...
Commodities
Silver price forecast update 17-05-2024
2024-05-17 09:10AM UTC
Silver Price Analysis Expected Scenario Silver price is testing 29.80$ again, and as long ...