Soybean Price Declines Persist – Forecast for June 4, 2024

by Jennifer

In the latest price analysis, soybean continues its downward trajectory, extending losses beyond the $1193.10 level observed yesterday. This further solidifies expectations for the continuation of the bearish trend in forthcoming sessions, with targets set at $1150.00 and subsequently $1131.40.

The prevailing outlook suggests a continued decline in the near term, with a breach above $1193.10, followed by $1202.00, signaling a potential reversal of the bearish trend and a shift towards upward movement.


Traders should anticipate trading within the range bounded by support at $1150.00 and resistance at $1190.00.


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