Soybean Price Analysis Expected Scenario Soybean price succeeded to reach few pips away from our waited target at 1131.40$, showing some slight bullish bias affected by stochastic positivity, while the EMA50 forms continuous negative pressure against the price, to support the chances of continuing the domination of the bearish trend on the intraday and short-term basis, noting that breaking the mentioned level will push the price to achieve additional negative targets that reach 1100.00$ areas. On the other hand, we should note that breaching 1157.70$ will stop the expected decline and lead the price to recover and test 1193.10$ levels initially. Expected Trading Range The expected trading range for today is between 1115.00$ support and 1150.00$ resistance.

Trend Forecast: Bearish