Soybean, downtrend continue to 981 while we trading below 902

Thursday forecast, July 18
The downtrend may be expected to continue, while pair is trading below resistance level 902.25, which will be followed by reaching support level 891.
An uptrend will start as soon, as the pair rises above resistance level 902.25, which will be followed by moving up to resistance level 917.

Soybean weekly forecast, July 15 – 19
The pair is trading along an uptrend with target on 943 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 985.
An downtrend can start from resistance 943, which will be followed by moving down to support level 894.

Anton started to study FOREX market in 2003. Since 2007, started to offer analytical forecasts for the major currency pairs and for gold prices in order to better understand the market and to assist to traders to identify the main key market levels. From 2014 started trading on futures market.

His current trading instruments in currency and commodity markets: eurusd, gold, wti crude oil, brent crude oil, natural gas, s&p500, dow jones, dax, soybeans

Anton graduate economist, graduated from university with degree in Banking.

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