This/Next Week Forecast (November 23 – 27, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1180, which will be followed by reaching resistance level 1207 and 1265.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1161, which will be followed by moving down to support level 1063.
previous week soybean price forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 1180 – 1260.
Monthly Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1063, which will be followed by reaching resistance level 1180.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1046, which will be followed by moving down to support level 1000 and 940.
