Soybean Weekly Forecast

This/Next Week  Forecast (January 11 – 15, 2021)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1380, which will be followed by reaching resistance level 1460 and 1515.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1341, which will be followed by moving down to support level 1265 and if it keeps on moving down below that level, we may expect the market to reach support level 1180.

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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