Soybeans Future News & Technical Analysis – 06 April 2023
06 Apr 2023
Soybeans Futures Technical Analysis: Weekly Chart
In the weekly charts, Soybeans Future was trading in a down channel. Soybeans Future is currently trading below all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 1400.00 the resistance level is at 1600.00
Soybeans Future was traded in a down channel before there is an upside breakout
Soybeans Futures Technical Analysis: Daily Chart
In the daily charts, Soybeans Futures was trading in a down channel. Soybeans Futures is currently trading above all SMA except MA (5).
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 1480.00 the resistance level is at 1550.00
Soybeans Futures was traded in a down channel before there is an upside breakout.
How to Trade Soybeans Futures this Week:
Soybeans Futures will follow the uptrend until its trend reversal. So, remain bullish on Soybeans Futures