Soybean Price Analysis Soybean price tested the key resistance at 1193.10$ yesterday. Price stability below this level keeps the bearish trend scenario valid. EMA50 provides additional strength to the bearish trend. Expecting a bearish rebound to target 1164.00$ followed by 1131.40$ levels as next main stations. Breaking 1193.10$ followed by 1200.00$ levels will invalidate the expected decline. The expected trading range for today is between 1160.00$ support and 1205.00$ resistance.

Trend forecast: Bearish