Soybean price tests the previously broken horizontal support line that appears on the chart, as it keeps its stability below it until now, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price.
Therefore, our bearish overview will remain valid for the upcoming period, conditioned by the price stability below 871.40, reminding you that our first main target is located at 850.40.
The expected trading range for today is between 850.00 support and 865.00 resistance.
The expected trend for today: Bearish