Soy beans on wooden spoon
Soy recently reversed up from the support area lying between the key multi-month support level 845.00 (which has been reversing the price from June of 2019), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse sequence from last year.
The upward reversal from this support area stopped the previous impulse waves 1 and (C).
Soy is likely to rise further toward the next round resistance level 880.00 (which formed two earlier daily Shooting Stars).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
