Soybean price rallied upwards strongly yesterday to breach 1621.50 level and settles above it, to reactivate the main bullish trend scenario again, on its way to achieve new gains that start at 1680.00 followed by 1700.00.
The EMA50 supports the expected rise for the upcoming period, which will remain valid conditioned by the price stability above 1621.50.
The expected trading range for today is between 1621.00 support and 1680.00 resistance.
The expected trend for today: Bullish