Soybean Prices Gain Positive Momentum

Soybean prices encountered robust resistance at 1311.70, prompting a bearish rebound to test the support provided by the EMA50. However, there is an expectation of a resumption in positive trading, enabling the price to exceed the mentioned level and opening the path for new upward targets, commencing at 1328.50 and extending to 1348.30.

The current positive signal from the Stochastic oscillator supports the anticipation of price increases in the upcoming sessions. This bullish outlook remains valid as long as the price does not break below 1290.00.

For today, the expected trading range is likely to be situated between the support at 1285.00 and the resistance at 1325.00. The prevailing trend for today is bullish.