Soybean Price Analysis Expected Scenario Soybean price provided new negative trades yesterday, approaching our first waited target at 1150.00$, with expectations for more bearish bias to achieve additional negative targets reaching 1131.40$. The previously completed double top pattern is influencing the price movement, evident in its signs on the chart. Holding below 1172.00$ represents an initial condition for the continuation of the expected decline. Breaching it will push the price to achieve intraday gains and test 1193.10$ level before any new negative attempt. Expected Trading Range Between 1140.00$ support and 1170.00$ resistance.

Trend Forecast: Bearish