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Soybean prices opened today’s trading with a notable increase, breaking through the intraday bearish trend line evident on the chart. This positive movement suggests the potential for a bullish wave in the upcoming sessions, with a target price of $1,028.80 as the next key level.
Traders are advised to maintain a bullish outlook for today. However, it’s important to note that a drop below $993.50 would negate this upward trend and could lead to a decline in prices.
The anticipated trading range for today is set between a support level of $990.00 and a resistance level of $1,020.00.
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