Soybean price found difficulty to surpass 1496.50 level, to rebound downwards strongly and test the key support 1467.40, noticing that the price begins to provide new positive trades and attempts to approach the mentioned resistance, waiting to breach this level to reinforce the expectations of continuing the bullish trend, which its next target located at 1525.50.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1467.40 and holding below it.
The expected trading range for today is between 1470.00 support and 1500.00 resistance.
The expected trend for today: Bullish