Soybean Price Analysis Expected Scenario Soybean price showed temporary rise yesterday to test the EMA50, noticing that stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1131.40$ as a next station. On the other hand, we should note that breaching 1167.00$ will stop the expected decline and lead the price to attempt to recover and head to test 1193.10$ areas before any new negative attempt. Expected Trading Range Between 1135.00$ support and 1170.00$ resistance.

Trend Forecast: Bearish