Soybean price fluctuates within a sideways track in the previous sessions, moving near the 1231.20$ level. As long as the price is above this level, our bullish overview will remain valid. Breaking it will push the price to stop the correctional bullish scenario and decline again.
Stochastic shows positive signals that support the continuation of the suggested bullish wave, reminding you that our next target is located at 1262.10$.
Trend Forecast: Bullish