Soy recently broke the support area lying between the support level 850.00 (low of the earlier wave A) and the 61.8% Fibonacci correction of the previous upward impulse (1) from March.
The breakout of this support area accelerated the C-wave of the active ABC correction (2) form last month.
Soy is likely to fall further toward the next support level 830.00 (target price for the completion of the active impulse wave C).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
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…
This website uses cookies