Soy neutral

Important support of soy

22 june 2022 40
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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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.

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Agricultural commodities"
2nd in the segments "Indices", "US stocks" and "Oil and gas"
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