• Soy reversed from support area
• Likely to rise to resistance level 1450.00
Soy recently reversed up from the support zone set between the support level 1390.00 (former resistance from February – which stopped earlier waves 4, (ii) and A), standing close to the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Soy is likely to rise further toward the next resistance level 1450.00 (which stopped the previous upward impulse wave 5 at the start of March).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies