Soybean Meal Thursday Forecast

Thursday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 404.4, which will be followed by reaching resistance level 417.5.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 404.4, which will be followed by moving down to support level 395.6.

Weekly Forecast (October 17 – 21, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 419.1, which will be followed by moving up to resistance level 439.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 419.1, which will be followed by reaching support level 404.4 and if it keeps on moving down below that level, we may expect the market to reach support level 395.6.

previous week forecast

Monthly Forecast, October 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 395,6, which will be followed by moving up to resistance level 419,1 and if it keeps on moving up above that level, we may expect the market to reach resistance level 439.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 395,6, which will be followed by moving down to support level375,3.

previous month forecast

Share on facebook
Share on twitter
Share on linkedin