Soybean Weekly Forecast

Weekly Forecast (September 26 – 30, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1432,25, which will be followed by moving up to resistance level 1489 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1576,75.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1432,25, which will be followed by reaching support level 1373.

previous week forecast

Monthly Forecast, September 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1489, which will be followed by moving up to resistance level 1576.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1489, which will be followed by reaching support level 1288 – 1259.

previous month forecast

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