Long Term Bullish Movement on Soybeans by ThinkingAntsOk
DAILY CHART EXPLANATION:
On this timeframe, we observe that at this moment the Resistance Zone is trying to be broken. if price can consolidate above, then we expect a corrective movement towards the Support Zone (broken resistance zone) before continuing the Bullish Movement. The first target of the upside move is the Resistance Zone at 10.30 zone.
WEEKLY CHART ANALYSIS:
On this timeframe, we observe that at this moment the Resistance Zone is trying to be broken. if price can consolidate above, then we expect a corrective movement towards the Support Zone (broken resistance zone) before continuing the Bullish Movement. The first target of the upside move is the Resistance Zone at 10.30 zone.
WEEKLY CHART ANALYSIS: