Soybean price bounced bearishly after approaching the broken support of the bullish channel that appears on the chart, and stochastic continues to lose the positive momentum, waiting for more decline to test 1039.60 that represents our next main target, reminding you that it is important to hold below 1065.00 to continue the expected decline.
The expected trading range for today is between 1040.00 support and 1065.00 resistance.
The expected trend for today: Bearish