Soybean Wednesday Forecast

Wednesday Forecast, 27 July 2022

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1393, which will be followed by reaching resistance level 1438.
Downtrend scenario
An downtrend will start from resistance level 1393, which will be followed by moving down to support level 1302.

This/Next Week  Forecast (July 25 – 29, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1316, which will be followed by moving up to resistance level 1398.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1316, which will be followed by reaching support level 1259 and then to 1181.

Monthly Forecast, August 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1316, which will be followed by moving up to resistance level 1398.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1316, which will be followed by reaching support level 1181.

previous month forecast

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