Soybean Thursday Forecast

Thursday Forecast (August 25, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1464.75, which will be followed by moving up to resistance level 1489.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1464.75, which will be followed by reaching support level 1413.

previous day forecast

This/Next Week Forecast (August 22 – 26, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1400, which will be followed by reaching resistance level 1348 – 1364.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1400, which will be followed by moving down to support level 1356 and if it keeps on moving down below that level, we may expect the market to reach support level 1288.50.

previous week foreacst

Monthly Forecast, August 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1316, which will be followed by moving up to resistance level 1398.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1316, which will be followed by reaching support level 1181.

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