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Soybean prices concluded the previous session on a positive note, successfully breaching the 1348.30 level and settling above it. This development signals a return to the bullish trajectory, with a prospective aim to achieve intraday gains reaching 1385.00.
The prevailing outlook for today leans towards a bullish bias, with the potential for an easier ascent upon surpassing the 1356.20 level. It is crucial to note that a break below 1348.30 would derail the positive scenario, potentially prompting a reversal to the downside.
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The anticipated trading range for the day is expected to fluctuate between the support at 1330.00 and the resistance at 1375.00.
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Anticipated Trend for Today: Bullish
