Soybean Price Analysis Expected Scenario Soybean price bounced upwards clearly to test the key resistance 1131.40$, and the price keeps its stability below this level, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly. Therefore, these factors encourage us to keep our expectations of continuing the domination of the bearish trend on the intraday and short-term basis, reminding you that our next target is located at 1100.00$, while achieving it requires holding below 1131.40$ and 1137.70$ levels. Expected Trading Range Between 1100.00$ support and 1140.00$ resistance.

Trend Forecast: Bearish