Soybean Weekly Forecast For Nov. 23 - 27

Upcoming Weekly Forecast For Week Of November 23 - 27, 2020

• Uptrend scenario: The uptrend may be expected to continue if the market trades above support level 1180, which would be followed by reaching resistance level 1207 and level 1265.
• Downtrend scenario: A downtrend may start as soon as the market drops below support level 1161, which would be followed by moving down to support level 1063.

Previous Week's Soybean Price Forecast Chart

Fundamental Analysis

The difference between supply and demand is illustrated by the fair price on the 1180-1260 levels.

Monthly Forecast

• Uptrend scenario: The uptrend may be expected to continue if the market trades above support level 1063, which would be followed by reaching resistance level 1180.
• Downtrend scenario: A downtrend may start as soon as the market drops below support level 1046, which would be followed by moving down to support level 1000 and level 940.