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
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