Soybean Price Analysis Expected Scenario Soybean price keeps declining to approach our awaited target at $1,193.10, noticing that the price completes forming the double top pattern that appears on the chart, expecting to motivate the price to surpass the mentioned target to rally towards $1,150.00 areas as the next main station. Therefore, the bearish trend will remain suggested on the intraday basis, noting that failing to break $1,193.10 will lead the price to start recovery attempts and head to test $1,231.20 areas mainly. Expected Trading Range Between $1,180.00 support and $1,215.00 resistance.

Trend Forecast: Bearish