Technical analysis: CBOT soybean prices maintain bearish expectations
2024-04-22 04:41:56
Gold Ten Futures, April 22nd, Economies.com analysts' latest opinion of the day: CBOT soybean price traded positively last Friday, testing the resistance level of the bearish channel during the day. EMA50 met this resistance level, adding more strength to it, while the stochastic indicator lost its positive momentum. Therefore, these factors encourage us to continue to recommend maintaining the bearish trend in the upcoming period, with the next target reaching 1131.40. It is important to pay attention to stay below 1193.10 to maintain the expected negative scenario. The expected trading range is between the support level of 1135.00 and the resistance level of 1170.00. Trend prediction: bearish. < br > < img src = "https://flash-scdn.jin10.com/57f5f30e-6d3b-43a5-9817-7334f36b82cb.png" referrerpolicy = "no-referrer" >
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