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SOYBEAN
SOYBEAN
- USD (-)
- 10 min delayed data - CBOT Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: SOY
ISIN:

SOYBEAN - 1H - Technical analysis published on 11/29/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 1,268.00 USD
My targets
1,249.90 USD (-0.92%)
1,239.38 USD (-1.75%)
My analysis
The bearish basic trend is very strong on SOYBEAN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1,268.00 USD. Crossing the first support at 1,249.90 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1,239.38 USD as an objective. Crossing it would then enable sellers to target 1,228.75 USD. Caution, a return to above the resistance located at 1,268.00 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SOYBEAN rating is 1,261.50 USD. The price registered an increase of +0.70% on the session and was traded between 1,257.00 USD and 1,268.50 USD over the period. The price is currently at +0.36% from its lowest and -0.55% from its highest.

1,257.00
1,268.50
1,261.50

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of SOYBEAN in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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


S3S2S1PriceR1R2R3
ProTrendLines 1,228.75 1,239.38 1,249.90 1,261.50 1,268.00 1,279.50 1,289.25
Change (%) -2.60% -1.75% -0.92% - +0.52% +1.43% +2.20%
Change -32.75 -22.12 -11.60 - +6.50 +18.00 +27.75
Level Intermediate Minor Intermediate - Major Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,244.671,250.831,256.171,262.331,267.671,273.831,279.17
Camarilla1,258.341,259.391,260.451,261.501,262.551,263.611,264.66
Woodie1,244.251,250.631,255.751,262.131,267.251,273.631,278.75
Fibonacci1,250.831,255.231,257.941,262.331,266.731,269.441,273.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,244.671,250.831,256.171,262.331,267.671,273.831,279.17
Camarilla1,258.341,259.391,260.451,261.501,262.551,263.611,264.66
Woodie1,244.251,250.631,255.751,262.131,267.251,273.631,278.75
Fibonacci1,250.831,255.231,257.941,262.331,266.731,269.441,273.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,118.501,151.501,200.001,233.001,281.501,314.501,363.00
Camarilla1,226.091,233.561,241.031,248.501,255.971,263.441,270.91
Woodie1,126.251,155.381,207.751,236.881,289.251,318.381,370.75
Fibonacci1,151.501,182.631,201.871,233.001,264.131,283.371,314.50

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): 47.41
MACD (12,26,9): -1.9100
Directional Movement: -10.02
AROON (14): 35.71
DEMA (21): 1,259.91
Parabolic SAR (0,02-0,02-0,2): 1,254.12
Elder Ray (13): -1.34
Super Trend (3,10): 1,249.56
Zig ZAG (10): 1,261.50
VORTEX (21): 1.0200
Stochastique (14,3,5): 61.73
TEMA (21): 1,259.81
Williams %R (14): -41.79
Chande Momentum Oscillator (20): -2.75
Repulse (5,40,3): 0.1700
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 0.80
MA7: 1,265.21
MA20: 1,245.11
MA50: 1,246.45
MA100: 1,288.65
MAexp7: 1,261.11
MAexp20: 1,262.66
MAexp50: 1,265.77
MAexp100: 1,265.29
Price / MA7: -0.29%
Price / MA20: +1.32%
Price / MA50: +1.21%
Price / MA100: -2.11%
Price / MAexp7: +0.03%
Price / MAexp20: -0.09%
Price / MAexp50: -0.34%
Price / MAexp100: -0.30%

Quotes : - 10 min delayed data - CBOT Futures

News


Don't forget to follow the news on SOYBEAN. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
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