Soy beans on wooden spoon
Soy recently corrected down and is currently trading close to support area lying between the support level 917.00 (low of wave (ii)) and the 50% Fibonacci correction of the previous upward impulse from September.
If the price breaks this support zone – Soy can then fall further to the next strong support level 880.00.
In the alternative scenario, Soy is expected to reverse up from the current support area and retest the next key resistance level 944.00
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies
