Soybean Weekly Forecast

This/Next Week  Forecast (December 7 – 11, 2020)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1207, which will be followed by moving up to resistance level 1265.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1180, which will be followed by reaching support level 1063.

Chart Soybean This/Next Week Forecast, Technical Analysis

previous week soybean price forecast
Chart Soybean This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price on the level 1180 – 1260.

Chart Soybean Ending Stocks, Inventory

Monthly Forecast, December 2020

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1180, which will be followed by reaching resistance level 1365 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1380.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1180, which will be followed by moving down to support level 1063.

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

previous month forecast

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