Soybean Tuesday Forecast

Tuesday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1394, which will be followed by reaching resistance level 1413 and 1435.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1393, which will be followed by moving down to support level 1335.

Chart Soybean This/Next Week Forecast, Technical Analysis

This/Next Week  Forecast (February 8 – 12, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1380, which will be followed by moving up to resistance level 1413 – 1435.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1380, which will be followed by reaching support level 1335 and if it keeps on moving down below that level, we may expect the market to reach support level 1297.

Chart Soybean This/Next Week Forecast, Technical Analysis

previous week forecast
Chart Soybean This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 1380.

Chart Soybean Ending Stocks, Inventory

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1265, which will be followed by reaching resistance level 1380.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1265, which will be followed by moving down to support level 1180 and if it keeps on moving down below that level, we may expect the market to reach support level 1063.

Chart Soybean Forecast 2020, Long-term Outlook, Technical Analysisok

previous month forecast

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