Soybean price continued to decline to break 1373.40 and close the daily candlestick below it, reinforcing the expectations of continuing the domination of the bearish trend, affected by the previously completed double top pattern, which its signs appear on the chart, waiting to test 1318.80 as a next negative target.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1373.40.
The expected trading range for today is between 1335.00 support and 1370.00 resistance.
The expected trend for today: Bearish