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May 31st, Economies.com analysts’ latest view today: CBOT soybeans fell significantly yesterday, reaching the first target of 1200.00. It is recommended to maintain a bearish view and wait for the price to fall below 1200.00 and reach the next target of 1170.00.
Waiting for more declines in the coming sessions with the pressure support provided by EMA50, but considering the current price fell to the support level, the price may pull back to the 1255.00 area before a new decline attempt. Today’s trading range is expected to be between 1180.00-1225.00.
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