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Soybean price exhibited fresh upward momentum, successfully surpassing the awaited milestone at 1385.00 and effectively attaining the initial extended objective at 1400.00. This accomplishment serves to bolster the prevailing anticipation of sustained bullish movement, with the pathway clear for targeting the subsequent goal at 1430.40.
The reinforcing support of the EMA50 further underpins the suggested bullish trajectory, a scenario that remains viable unless a breach below the level of 1385.00 occurs and is upheld.
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Today’s projected trading range is expected to oscillate between the support level of 1385.00 and the resistance level of 1450.00.
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Projected Trend for Today: Bullish
