Soybean price managed to breach the main bearish trend line to open the way to continue the rise on the intraday and short term basis, waiting to visit 1270.00 that represents our first positive target, which breaching it represents the key to rally towards 1318.80 as a next station.
In general, the bullish trend will remain suggested for the upcoming period unless breaking 1225.90 and holding below it.
The expected trading range for today is between 1240.00 support and 1270.00 resistance.
The expected trend for today: Bullish