Technical analysis: CBOT soybean prices are still expected to fall on July 10

July 10th, Economies analysts have the latest opinion today: CBOT soybeans continue to fall, hitting the first target of 1311.70, and there are still expectations for subsequent declines.

A subsequent break below this level would take the price to 1288.00, followed by 1266.30.

The current positive sentiment could lead to some sideways movement before resuming the expected decline, a break above 1348.30 would stop the bearish wave and cause prices to turn higher.

Today’s expected trading range is between 1300.00 support and 1335.00 resistance.