Soybean price keeps its stability above 871.40, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 and stochastic positivity, waiting to head towards 888.50 that represents our next positive target.
On the other hand, we should note that breaking 871.40 and holding below it will press on the price to resume the main bearish trend and stop the current correctional bullish wave.
The expected trading range for today is between 870.00 support and 880.00 resistance.
The expected trend for today: Bullish