. Soybeans Future News & Technical Analysis - 06 April 2023

Soybeans Future News & Technical Analysis – 06 April 2023

soybeans future news

Soybeans Futures Technical Analysis: Weekly Chart

weekly charts

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

weekly charts

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

TRADE SUGGESTION- BUY AT 1500.70, TAKE PROFIT AT 1550.00 AND STOP LOSS AT 1410.00

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