Soybean, Tuesday forecast, July 23
The downtrend may be expected to continue, while pair is trading below resistance level 913, which will be followed by reaching support level 897 – 894.
An uptrend will start as soon, as the pair rises above resistance level 913, which will be followed by moving up to resistance level 923.
Soybean weekly forecast, July 22 – 26
The pair is trading along an sideways trend between support 904 and resistance 933.
Local may be expected to continue, while pair is trading above support level 902, which will be followed by reaching resistance level 933 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 960.
An downtrend will start as soon, as the pair drops below support level 904, which will be followed by moving down to support level 877 and then 854.
