Soybean Price Analysis Expected Scenario Soybean price declined clearly yesterday after testing 1131.40$ level in the previous sessions, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, noting that we are waiting to visit 1100.00$ as a next target. Stochastic positivity interprets the reasons of todays positive start, and it might test the bearish channels resistance before turning back to decline again, noting that the continuation of the bearish wave depends on the price stability below 1131.40$. Expected Trading Range Between 1100.00$ support and 1130.00$ resistance.

Trend Forecast: Bearish