Soybean Price Analysis Soybean price rallied upwards strongly to surpass our waited target at 1231.20$ and settles above it, to support the continuation of the correctional bullish wave and open the way to achieve additional gains that start at 1262.10$ and extend to 1292.90$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 1231.20$ will stop the bullish rally and push the price to turn to decline.

Expected Trading Range for Today Support: 1225.00$ Resistance: 1265.00$ Trend Forecast Bullish