Soybean price faces negative pressure to break 1370.00 level and attempts to hold below it, to complete forming negative pattern that we expect to turn the intraday track to the downside, on its way to achieve negative targets that start at 1318.80.
Therefore, the bearish bias will be suggested for the rest of the day unless the price managed to trade above 1370.00 and consolidate above it again.
The expected trading range for today is between 1355.00 support and 1385.00 resistance.
The expected trend for today: Bearish for the rest of the day