Soybean price declined sharply to succeed achieving our negative targets mentioned in our last report, reaching 1426.00 level, and we expect the continuation of the negative pressure to surpass the mentioned and head towards 1402.10 as a next negative target.
Therefore, the bearish bias still expected in the upcoming sessions unless the price rallied to breach 1470.00 and hold above it.
The expected trading range for today is between 1400.00 support and 1460.00 resistance.
The expected trend for today: Bearish