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Soybean price approaches the first extended target – Forecast today - 05-06-2024
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Soybean price approaches the first extended target – Forecast today - 05-06-2024
Jun 4, 2024 9:54 PM

Soybean Price Analysis Expected Scenario Soybean price continued to decline to approach 1150.00$ level, noticing that the price begins today with bullish bias affected by stochastic positivity, waiting to get negative motive that assist to push the price to resume the expected bearish trend for the upcoming period, which its targets extend to reach 1131.40$. Therefore, our bearish overview will remain valid and active unless the price rallied to breach 1193.10$ followed by 1202.00$ levels and hold above them. Expected Trading Range Between 1150.00$ support and 1185.00$ resistance.

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