Soy neutral

Will the trend of soy change?

24 January 2022 477
Load the latest quotes
Full screen

The price for soy returned to the level of July of last year.


Although, the Harami pattern appeared at the top of the uptrend informing about possible change of the trend.


As “Harami” is not a strong reversal pattern, it is better to wait until its confirmation and price consolidation below 1 425.

 

In case of consolidation, we can wait for the decline of the price for soya to 1 375 and 1 350. Otherwise, we will wait for growth to 1500. 

This content is for informational purposes only and is not intended to be investing advice.

error
More
Comments
New Popular
Send
Commenting rules