
December 08, 2020 at 03:49PM

• Soy broke support level 1160.00
• Likely to fall to 1120.00
Soy continues to decline after the price broke below the support level 1160.00 (which was set as the likely downward target in our earlier forecast for this instrument).
The price is currently moving inside wave (iii) of the minor impulse wave 1 – which belongs to the impusle3 wave (1) from the end of November.
Soy is expected to fall further toward the next support level 1120.00 (intersecting with the daily up channel from the middle of August).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/soy-wave-analysis-8-december-2020-20201208/
Selected by fonecable.com

Search Web: Soy Wave Analysis 8 December, 2020
Recent Posts
- Bitcoin price drops to $52K, liquidating almost $10B
- Markets Week Ahead: Dow Jones, Gold, EUR/USD, ECB, USD/CAD, BoC, Treasury Yields
- NEWS: Black Sunday for crypto as bitcoin and others plunge April 18, 2021 at 03:37PM
- NEWS: Goldman Sachs says it’s time to buy the euro April 18, 2021 at 02:40PM
- Bitcoin falls 11.1% to $53,356
Average Rating