Soy neutral

Important support of soy

22 June 2022 425
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The soy price dropped to an important support at 1580. The previous decline waves in February, April and May failed in breaking this level.

The blue line of the Stochastic indicator fell into the oversold zone, but has not crossed the red line from the bottom up yet. When the lines cross, there will be a meaningful signal to buy with the nearest target of 1620. Then the price may go to the level of 1730.

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

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