Soy continues to fall inside the intermediate impulse wave (3), which started earlier from the resistance area lying between the strong resistance level 930.00 (which has been steadily reversing the price from the start December), upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse from May.
The prise just broke the round support level 900.00 – which accelerated the active impulse wave (3) from the start of this month.
Soy is expected to fall further and re-test the next support level 870.00 (monthly low from December).
- 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
