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2417.755
22.865%
79.979
1.648%
1.0872
1.5474%
5307.28
0.13%
39999.01
0.20%
18551.55
0.11%
Soybean price keeps rising – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
Soybean Price Analysis
Expected Scenarios
Soybean price shows more bullish bias to settle above 1200.00$ barrier, reinforcing the expectations of continuing the correctional bullish trend, which its next target located at 1231.20$.
The EMA50 supports the continuation of the suggested bullish wave, affected by the previously completed double bottom pattern, reminding you that holding above 1193.10$ represents major condition to the continuation of the expected rise.
Trading Range for Today
Support: 1190.00$
Resistance: 1230.00$
Trend forecast: Bullish
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