revotraders

revotraders

As we can see, soybean oil closed at the level of 49.17 and has made a lower low compared to the previous low. So, my expectation is that the price will continue its downward trend until it reaches the daily support level around 47.50 . However, Before this decline occurs, I anticipate a pullback in price, possibly rising to the price zone of ...

revotraders

As you can see, this increase is temporary in nature because the overall trend is still in a downtrend. So, my expectation for now is that soy prices will climb until they reach the daily resistance zone around 53.50 (as indicated by the red box drawn). It is anticipated that the price will experience a decline upon reaching this level because this zone can be...

revotraders

The expected price will rise to the level of 4200 for this week. At present, if the price breaks through the level of 4040, it is expected to make the first increase up to 4120, and if it successfully breaks through 4140, the price is expected to continue to rise up to 4200. Whatever happens, this is just a market analysis and not a signal to make a purchase or...