Soy beans on wooden spoon
Soy recently reversed up from the support zone located between the powerful multi-month support level 870.00 (which has been reversing the price from November), lower daily Bollinger Band and the 50% Fibonacci retracement of the previous upward impulse from May of 2019.
The upward reversal from this support area is aligned with the prevailing uptrend visible on the daily Soy charts.
Soy is likely to rise further toward the next resistance level 890.00. Strong support remains at the support level 870.00.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
