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Soybean weekly forecast

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This/Next Week  Forecast (January 4 – 8, 2021)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1265, which will be followed by reaching resistance level 1380.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1265, which will be followed by moving down to support level 1180.

Soybean weekly forecast

previous week forecast

Soybean weekly forecast

Fundamental Analysis

Difference between supply and demand shows fair price on the level 1380.

Soybean weekly forecast

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1265, which will be followed by reaching resistance level 1380.

Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1265, which will be followed by moving down to support level 1180 and if it keeps on moving down below that level, we may expect the market to reach support level 1063.

Soybean weekly forecast

previous month forecast

Soybean weekly forecast

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