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Soybean price approaches the first target – Forecast today - 11-04-2024
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Soybean price approaches the first target – Forecast today - 11-04-2024
Apr 10, 2024 10:01 PM

Soybean Price Analysis Expected Scenario Soybean price continues to decline, gradually approaching the first awaited negative target at 1164.00$. Moving within a bearish channel that supports the chances of continuing the bearish wave to achieve additional negative targets. Expected Outcome Suggesting a bearish trend for the upcoming period, supported by the EMA50.

Expected Trading Range Between 1150.00$ support and 1185.00$ resistance.

Trend Forecast: Bearish

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