This/Next Week Forecast (December 14 – 18, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1180, which will be followed by moving up to resistance level 1207.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1141, which will be followed by moving down to support level 1081 – 1063.
previous week soybean price forecast
Fundamental Analysis
Difference between supply and demand shows fair price on the level 1180 – 1260.
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.
previous month forecast
