SOYBEAN - 1H - Technical analysis published on 09/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 1,285.28 USD
My targets
1,278.07 USD (-0.31%)
1,270.25 USD (-0.92%)
My analysis
The strong short-term decline of SOYBEAN reinforces the current slightly bearish trend. As long as the price remains below 1,285.28 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1,278.07 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,270.25 USD as an objective. Crossing it would then enable sellers to target 1,257.50 USD. A return to above 1,285.28 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOYBEAN price is 1,282.00 USD. The price registered a decrease of -0.43% on the session with the lowest point at 1,280.75 USD and the highest point at 1,287.00 USD. The deviation from the price is +0.10% for the low point and -0.39% for the high point.1,280.75
1,287.00
1,282.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SOYBEAN chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,257.50 | 1,270.25 | 1,278.07 | 1,282.00 | 1,285.28 | 1,294.90 | 1,302.00 |
| Change (%) | -1.91% | -0.92% | -0.31% | - | +0.26% | +1.01% | +1.56% |
| Change | -24.50 | -11.75 | -3.93 | - | +3.28 | +12.90 | +20.00 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,265.67 | 1,273.83 | 1,280.67 | 1,288.83 | 1,295.67 | 1,303.83 | 1,310.67 |
| Camarilla | 1,283.38 | 1,284.75 | 1,286.13 | 1,287.50 | 1,288.88 | 1,290.25 | 1,291.63 |
| Woodie | 1,265.00 | 1,273.50 | 1,280.00 | 1,288.50 | 1,295.00 | 1,303.50 | 1,310.00 |
| Fibonacci | 1,273.83 | 1,279.56 | 1,283.10 | 1,288.83 | 1,294.56 | 1,298.10 | 1,303.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,231.50 | 1,244.50 | 1,264.25 | 1,277.25 | 1,297.00 | 1,310.00 | 1,329.75 |
| Camarilla | 1,274.99 | 1,278.00 | 1,281.00 | 1,284.00 | 1,287.00 | 1,290.00 | 1,293.01 |
| Woodie | 1,234.88 | 1,246.19 | 1,267.63 | 1,278.94 | 1,300.38 | 1,311.69 | 1,333.13 |
| Fibonacci | 1,244.50 | 1,257.01 | 1,264.74 | 1,277.25 | 1,289.76 | 1,297.49 | 1,310.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,128.83 | 1,199.42 | 1,238.58 | 1,309.17 | 1,348.33 | 1,418.92 | 1,458.08 |
| Camarilla | 1,247.57 | 1,257.63 | 1,267.69 | 1,277.75 | 1,287.81 | 1,297.87 | 1,307.93 |
| Woodie | 1,113.13 | 1,191.56 | 1,222.88 | 1,301.31 | 1,332.63 | 1,411.06 | 1,442.38 |
| Fibonacci | 1,199.42 | 1,241.34 | 1,267.24 | 1,309.17 | 1,351.09 | 1,376.99 | 1,418.92 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.02 | |
| MACD (12,26,9): | -0.9200 | |
| Directional Movement: | -2.91 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1,284.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,292.75 | |
| Elder Ray (13): | -2.17 | |
| Super Trend (3,10): | 1,292.60 | |
| Zig ZAG (10): | 1,282.50 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 19.49 | |
| TEMA (21): | 1,283.24 | |
| Williams %R (14): | -87.69 | |
| Chande Momentum Oscillator (20): | -10.00 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.93 |
| MA7: | 1,279.68 | |
| MA20: | 1,283.11 | |
| MA50: | 1,318.89 | |
| MA100: | 1,386.82 | |
| MAexp7: | 1,283.99 | |
| MAexp20: | 1,285.56 | |
| MAexp50: | 1,285.24 | |
| MAexp100: | 1,283.60 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -2.80% | |
| Price / MA100: | -7.56% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.12% |
Quotes :
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10 min delayed data
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CBOT Futures
News
The latest news and videos published on SOYBEAN at the time of the analysis were as follows:
-
Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
-
Soybean farmer: We would like to have markets, not aid
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Impact of tariffs on America's soybean farmers
-
Will Trump's Truce With China Help Soybean Sales?
-
U.S. Trade Gap Hits 10-Year High In October As Soybean Exports Continue To Fall
This member declared not having a position on this financial instrument or a related financial instrument.
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