Soybean Oil Weekly Forecast

Weekly Forecast (September 26 – 30, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 64,33, which will be followed by moving up to resistance level 66,82 and 68,16.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 63,38, which will be followed by moving down to support level 61,24.

previous week forecast

Monthly Forecast, September 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 73.74, which will be followed by moving up to resistance level 87.65.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 73.74, which will be followed by reaching support level 54.42 – 51.

previous week forecast

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