Soy Wave Analysis – 4 September, 2020

September 04, 2020 at 02:27PM

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• Soy broke resistance level 960,00

• Likely to rise to 990,00

Soy recently broke above the powerful resistance level 960,00 – which started the sharp downtrend at the beginning of 2020, as can be seen below.

The breakout of the resistance level 960,00 accelerated the active impulse wave (c) – which is part of the extended upward impulse sequence C from the start of August.

Soy is likely to rise further toward the next resistance level 990,00 (target price for the completion of the active impulse wave C).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/soy-wave-analysis-4-september-2020-20200904/
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