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Could soybean move above the 1576.75 level?

Thursday forecast (September 22, 2022)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1432,25, which will be followed by reaching resistance level 1576,75.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1432,25, which will be followed by moving down to support level 1373.

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Weekly forecast (September 18 – 23, 2022)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1432,25, which will be followed by reaching resistance level 1576,75.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1432,25, which will be followed by moving down to support level 1373.

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Previous week foreacast

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Monthly forecast, September 2022

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1489, which will be followed by moving up to resistance level 1576.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1489, which will be followed by reaching support level 1288 – 1259.

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Previous month forecast

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Author

Anton Kolhanov

Anton Kolhanov

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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