Soybean Price Analysis Expected Scenario Soybean price traded with clear negativity yesterday, to reactivate the bearish trend scenario and head towards achieving negative targets that start by testing 1193.10$ level, noticing that the price forms double top pattern that we expect to cause more decline on the longer-term basis. We expect the continuation of the bearish trend in the upcoming sessions, noting that breaching 1231.20$ will stop the expected decline and lead the price to turn to rise. Expected Trading Range Between 1190.00$ support and 1225.00$ resistance.

Trend Forecast: Bearish