Technical analysis: July 19 CBOT soybeans started a bullish trend in the short term

July 19th, Economies’ analysts’ latest views today: CBOT soybeans broke through yesterday and closed above 1385.00, which started a bullish channel in the short term and is moving towards trying to achieve further gains in the future, with the goal of visiting 1430.40 as the next main target.

We therefore look forward to further gains today, noting that stabilization above 1385.00 is a key condition for the pending target.

Today’s trading range is expected between 1385.00 support and 1430.00 resistance.