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Soybean price approaches the target – Forecast today - 17-10-2024
Soybean price resumes its negative trading to approach our waited target at 984.00$, and we expect the continuation of the bearish bias to visit the recently recorded low at 960.30$ as a next main station.
Therefore, the bearish trend will remain suggested in the upcoming sessions, noting that breaching 1000.00$ might push the price to achieve some gains and test 1028.80$ areas before any new attempt to decline.
The expected trading range for today is between 975.00$ support and 1000.00$ resistance
Trend forecast: Bearish
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