Soybean Meal Weekly Forecast

Weekly Forecast (October 3 – 7, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 395,6, which will be followed by reaching resistance level 419,1.
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 level 380,8.

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

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