Soybeans is heading to test next support zone as it is continuing the falling wedge pattern . short term trend is bearish till next support . We will continue to see low demand in china as it is 2nd largest economy low demand pressurise the price .We can expect increase in demand on next support . support levels r marked on the chart .
Use dip towars 14.60-13.60 to long soybean with sl below 12.50 for target of 20
Buy in dip at $15.70 sl 15.25 target $16.80-17.10 Disc : it's not an investment advice to buy or sell
Om Namah Shivay Soybean has been trading long from some time. Soybean looks short time bear and has capability to move to 16096 upside. The 14094 and 14362 level to be watched. Om Namah Shivay
Today we look at the weekly close for risk levels and short and long term targets