Soybean Weekly Forecast

This/Next Week  Forecast (June 6 – 10, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1706.4, which will be followed by moving up to resistance level 1740.6.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1706.4, which will be followed by reaching support level 1667.4 and if it keeps on moving down below that level, we may expect the market to reach support level 1622.

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

Monthly Forecast, June 2022

Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 1656.4, which will be followed by reaching resistance level 1759.2.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 1656.4, which will be followed by moving down to support level 1576.6 and if it keeps on moving down below that level, we may expect the pair to reach support level 1423.

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

Share on facebook
Share on twitter
Share on linkedin