Technical analysis

Soy Wave Analysis – 1 October, 2019

Soy Wave Analysis – 1 October, 2019
  • Soy broke round resistance level 900.00
  • Likely to rise to 917.00

Soy today broke above the key round resistance level 900.00 (which stopped the previous wave (a) in the middle of September).

The breakout of the resistance level 900.00 should accelerate the active short-term impulse wave (c) of the ABC correction 2 from August.

Soy is expected to rise further and retest the next resistance level 917.00 (monthly high from June/July and the target price for the completion of the active impulse wave (c)).


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