SOYBEAN - 15 min. - Technical analysis published on 05/17/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 1,592.00 USD
My targets
1,571.25 USD (-0.93%)
1,556.25 USD (-1.88%)
My analysis
The basic trend is very bearish on SOYBEAN but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on SOYBEAN. As long as you stay below the resistance 1,592.00 USD, sellers' retain the upper hand. A break in the support at 1,571.25 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 1,556.25 USD as an objective. Crossing it would then enable sellers to target 1,535.50 USD. If the price were to depress the resistance 1,592.00 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SOYBEAN price is 1,586.00 USD. On the day, this instrument lost -0.02% and was traded between 1,575.50 USD and 1,598.50 USD over the period. The price is currently at +0.67% from its lowest and -0.78% from its highest.1,575.50
1,598.50
1,586.00
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of SOYBEAN indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 3 are bullish, 9 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,532.25 | 1,553.61 | 1,575.12 | 1,586.00 | 1,599.44 | 1,631.00 | 1,653.25 |
| Change (%) | -3.39% | -2.04% | -0.69% | - | +0.85% | +2.84% | +4.24% |
| Change | -53.75 | -32.39 | -10.88 | - | +13.44 | +45.00 | +67.25 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,535.50 | 1,556.25 | 1,571.25 | 1,592.00 | 1,607.00 | 1,627.75 | 1,642.75 |
| Camarilla | 1,576.42 | 1,579.70 | 1,582.97 | 1,586.25 | 1,589.53 | 1,592.80 | 1,596.08 |
| Woodie | 1,532.63 | 1,554.81 | 1,568.38 | 1,590.56 | 1,604.13 | 1,626.31 | 1,639.88 |
| Fibonacci | 1,556.25 | 1,569.91 | 1,578.34 | 1,592.00 | 1,605.66 | 1,614.09 | 1,627.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,456.25 | 1,514.75 | 1,550.50 | 1,609.00 | 1,644.75 | 1,703.25 | 1,739.00 |
| Camarilla | 1,560.33 | 1,568.97 | 1,577.61 | 1,586.25 | 1,594.89 | 1,603.53 | 1,612.17 |
| Woodie | 1,444.88 | 1,509.06 | 1,539.13 | 1,603.31 | 1,633.38 | 1,697.56 | 1,727.63 |
| Fibonacci | 1,514.75 | 1,550.75 | 1,573.00 | 1,609.00 | 1,645.00 | 1,667.25 | 1,703.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,219.83 | 1,298.92 | 1,416.58 | 1,495.67 | 1,613.33 | 1,692.42 | 1,810.08 |
| Camarilla | 1,480.14 | 1,498.18 | 1,516.22 | 1,534.25 | 1,552.29 | 1,570.32 | 1,588.36 |
| Woodie | 1,239.13 | 1,308.56 | 1,435.88 | 1,505.31 | 1,632.63 | 1,702.06 | 1,829.38 |
| Fibonacci | 1,298.92 | 1,374.08 | 1,420.51 | 1,495.67 | 1,570.83 | 1,617.26 | 1,692.42 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.27 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 6.81 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1,586.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,596.21 | |
| Elder Ray (13): | -0.54 | |
| Super Trend (3,10): | 1,582.69 | |
| Zig ZAG (10): | 1,585.25 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 15.24 | |
| TEMA (21): | 1,587.36 | |
| Williams %R (14): | -86.15 | |
| Chande Momentum Oscillator (20): | -1.25 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1,598.61 | |
| MA20: | 1,547.06 | |
| MA50: | 1,466.70 | |
| MA100: | 1,416.43 | |
| MAexp7: | 1,585.90 | |
| MAexp20: | 1,586.10 | |
| MAexp50: | 1,587.64 | |
| MAexp100: | 1,592.95 | |
| Price / MA7: | -0.79% | |
| Price / MA20: | +2.52% | |
| Price / MA50: | +8.13% | |
| Price / MA100: | +11.97% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.44% |
Quotes :
-
10 min delayed data
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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:
-
Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
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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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