Soybean Weekly Forecast By: Barchart | March 19, 2023
Weekly Forecast (March 20 – 24, 2023)
Uptrend scenario An uptrend will start as soon, as the market rises above resistance level 1478, 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 1478, which will be followed by reaching support level 1439,2.
Monthly Forecast, February – March 2023
Uptrend scenario The uptrend continuation is not expected this month. Downtrend scenario An downtrend will start as soon, as the market drops below support level 1508, which will be followed by moving down to support level 1462, 1433 and 1400..
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor! • DiscoverGold
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