Soybean Weekly Forecast

Weekly Forecast (April 24 – 28, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1455, which will be followed by moving up to resistance level 1500.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1455, which will be followed by reaching support level 1421 and 1383.

Monthly Forecast, April 2023

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1469, which will be followed by reaching resistance level 1525.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1469, which will be followed by moving down to support level 1421 and 1384.

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