Soybean Price Analysis Expected Scenario Soybean price provided clear positive trades yesterday to test 1180.00$ level, noticing that stochastic shows clear overbought signals now, while the EMA50 forms continuous negative pressure against the price. Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday and short-term basis, which its targets begin at 1150.00$ and extend to 1131.40$, reminding you that the continuation of the bearish wave requires holding below 1193.10$ and the most important below 1202.00$. Expected Trading Range Between 1150.00$ support and 1190.00$ resistance.

Trend Forecast: Bearish