The November
contract for soy on the daily chart continues pulling back to the upside after
it bounced from the 936.20 level and it may try to reach the 200 day
exponential moving average, which is just below the 1000.00 level. The whole
area between the 55 day EMA, purple line and the 200 day EMA, blue line could
act as a good resistance for the commodity. The high at the 1035 level could
also act as resistance. To the downside, the low at the 936.20 level may also act
as support.
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Seems like it remains bearish.
ReplyDeleteStill pulling back.
ReplyDeleteThank you for the analysis.
ReplyDeleteI'll keep those levels in mind.
ReplyDeleteInteresting analysis.
ReplyDeleteExcellent information to keep in mind.
ReplyDeleteUseful information, thank you!
ReplyDeleteHelpful post!
ReplyDeleteThanks for the post.
ReplyDelete