Soy Wave Analysis – 11 October, 2019
October 11, 2019 @ 17:26 +03:00
- Soy broke multi-month resistance level 920.00
- Likely to rise to 950.00
Soy recently broke the multi-month resistance level 920.00 – which has been steadily reversing the price from December of 2018.
The breakout of this resistance level accelerated the active short-term impulse wave (iii) – which belongs to the impulse sequence C from August.
Soy is expected to rise further and retest the next resistance level 950.00 (forecast price calculated for the completion of the active impulse wave (iii)).