Soybean price bounced bearishly after testing the broken support line that appears on the chart, to keep the bearish trend scenario dominant for the rest of the day, waiting to test 850.40 level initially, noting that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 871.40.

The expected trading range for today is between 850.00 support and 865.00 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1246	-0.0031	0.2718%
Update: Calm markets affected by the US holidays
	GBP/USD	1.2486	0.0178	1.4462%

	Tadawul	7312.24	58.91	0.81%

	Silver	18.047	0.268	1.507%

	Oil	40.285	1.510	3.894%
Crude oil price tests the resistance – Analysis - 03-07-2020
	Brent Oil	42.80	-0.34	0.79%

	Gold	1774.730	3.115	0.176%
Gold price needs a strong positive motive – Analysis - 03-07-2020

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