Soybean prices are experiencing further declines, having reached the extended target of $1,004.00. Market analysts anticipate additional downward movement in the coming sessions, with a primary target set at $984.00.
The bearish trend is reinforced by negative pressure from the EMA50, emphasizing the importance of maintaining levels below $1,028.80 to achieve the anticipated targets.
Today’s expected trading range is between $980.00 for support and $1,015.00 for resistance.
Trend Forecast: Bearish
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