Soybean price tests the bullish channel’s support and attempts to break it, waiting for more of the downside moves to visit 993.40 level that represents our next negative target, to keep our bearish trend expectations for today unless the price rallied to breach 1039.60 level and holding above it.
The expected trading range for today is between 993.00 support and 1015.00 resistance.
The expected trend for today: Bearish