Soybean price shows more bearish bias to approach gradually from our waited target at 1318.80, and the negative effect of the double top pattern continues, as we expect surpassing the targeted level to achieve more decline on the short term and medium term basis, while holding below 1373.40 represents key condition to continue the suggested decline.
The expected trading range for today is between 1335.00 support and 1370.00 resistance.
The expected trend for today: Bearish