Soybean Wednesday Forecast
Wednesday Forecast (March 22, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1469,2, which will be followed by moving up to resistance level 1493 – 1500.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1469,2, which will be followed by reaching support level 1421,6.
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..
On the date of publication, Anton Kolhanov did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
