Soybean price soared yesterday to confirm breaching 993.40 followed by 1010.00 levels, which reactivates the main bullish trend scenario, on its way to achieve more expected gains in the upcoming period, targeting 1021.00 followed by 1039.60 levels as next main stations.
Therefore, the bullish trend will be expected on the intraday and short term basis, noting that breaking 1010.00 will press on the price to test 993.40 areas again before any new attempt to rise.
The expected trading range for today is between 1000.00 support and 1025.00 resistance.
The expected trend for today: Bullish