Soy recently reversed down from the resistance area lying at the intersection of the round resistance level 900.00 (top of the previous correction 4 from January), upper daily Bollinger Band, former support trendline from 2019 and the 38.2% Fibonacci correction of the previous downward correction from December.
The downward reversal from this resistance area stopped the earlier impulse waves 3 and (3).
Soy is likely to fall further toward the next support level 870.00 (low of the previous corrections (4) and (C) from November and January).
The US dollar has been under relentless pressure since last Thursday, approaching more than one-month…
Market Picture Neither the meme mania in equities, the overall positivity in stock indices, nor…
• EURCHF rising inside impulse wave 3 • Likely to reach resistance level 0.9835 EURCHF…
• Goldman Sachs broke the key resistance level 430.00 • Likely to rise to resistance…
Zeekr, China's Tesla rival, recently had its IPO, and now you can trade it at…
Crude oil has been under pressure over the past four weeks but has been gaining…
This website uses cookies