Soybean Price Breaks Support, Signals Bearish Outlook – Forecast for April 3, 2024

by Jennifer

In the latest update on soybean prices, the commodity concluded yesterday’s trading session with notable negativity. It breached the crucial support level at $1193.10 and settled below it, effectively halting the previously suggested bullish trend. This development indicates a shift towards resuming the primary bearish trend.

Analysts have identified targets ranging from $1164.00 to $1131.40 as the price now heads in a downward trajectory.


Expected Trading Range for Today:

  • Support: $1150.00
  • Resistance: $1193.00

Trend Forecast: Bearish

You May Also Like


Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright – Futures Market, Investment, Trading & News