Soybean Price Analysis Expected Scenario The soybean price resumed its negative trading clearly to surpass 1150.00$ barrier and support the continuation of the expected bearish trend on the intraday and short-term basis, and we believe that the way is open to achieve our main waited target at 1131.40$, noting that breaking this level will push the price to suffer more losses in the upcoming period. The negative pressure formed by the EMA50 reinforces the expectations of continuing the decline, reminding you that it is important to hold below 1167.00$ as an initial condition to the continuation of the suggested scenario. Expected Trading Range Between 1130.00$ support and 1155.00$ resistance.

Trend Forecast: Bearish