Soybean Price Analysis Expected Scenario The soybean price has returned to rise after a previous decline, remaining consolidated above the EMA50. It is waiting for more intraday rise to target 1193.10$ mainly. Stochastic current negativity might hinder the price's mission to rise, causing some temporary sideways fluctuation. Continuation of the bullish wave requires holding above 1170.00$ and 1155.00$ levels. Expected Trading Range Between the support at 1165.00$ and the resistance at 1193.00$.

Trend Forecast: Bullish