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Soybean price within tight range – Forecast today - 12-09-2024
Soybean price fluctuates within tight range since yesterday, and continues to move inside the intraday bearish channel, waiting to resume the bearish trend that targets 990.00$ followed by 960.30$ levels as next main stations.
Moving below the EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 1028.80$.
The expected trading range for today is between 990.00$ support and 1020.00$ resistance.
Trend forecast: Bearish
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