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Soybean price continues to decline – Forecast today - 12-04-2024
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Soybean price continues to decline – Forecast today - 12-04-2024
Apr 11, 2024 10:02 PM

Soybean Price Analysis Expected Scenario Soybean price continues its decline, achieving the first target at 1164.00$. Further decline expected towards 1131.40$ as the next main target. The EMA50 supports the bearish wave within the bearish channel on the chart. Holding below 1193.10$ is crucial for the continuation of the expected decline. The expected trading range for today is between 1140.00$ support and 1180.00$ resistance.

Trend Forecast Bearish

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