SOYBEAN

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	SOY
ISIN:

SOYBEAN - 1H - Technical analysis published on 12/08/2021 (GMT)

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Timeframe : 1H
- Analysis generated on
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SOYBEAN Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 1,249.00 USD

My targets

1,232.75 USD (-0.52%)

1,214.25 USD (-2.02%)

My analysis

SOYBEAN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,249.00 USD. The next support located at 1,232.75 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,214.25 USD. Below this support, sellers could then target 1,172.00 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.1

Comment on the analysis

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.

This analysis was given by Vincent Launay.

Additional analysis

Quotes

SOYBEAN rating 1,239.25 USD. The price registered a decrease of -0.88% on the session and was traded between 1,238.25 USD and 1,252.50 USD over the period. The price is currently at +0.08% from its lowest and -1.06% from its highest.

1,238.25

1,252.50

1,239.25

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SOYBEAN in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,172.00	1,214.25	1,232.75	1,239.25	1,240.25	1,249.00	1,254.50
Change (%)	-5.43%	-2.02%	-0.52%	-	+0.08%	+0.79%	+1.23%
Change	-67.25	-25.00	-6.50	-	+1.00	+9.75	+15.25
Level	Major	Major	Minor	-	Minor	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,213.83	1,228.42	1,239.33	1,253.92	1,264.83	1,279.42	1,290.33
Camarilla	1,243.24	1,245.58	1,247.91	1,250.25	1,252.59	1,254.93	1,257.26
Woodie	1,212.00	1,227.50	1,237.50	1,253.00	1,263.00	1,278.50	1,288.50
Fibonacci	1,228.42	1,238.16	1,244.18	1,253.92	1,263.66	1,269.68	1,279.42

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,175.25	1,194.75	1,231.00	1,250.50	1,286.75	1,306.25	1,342.50
Camarilla	1,251.92	1,257.03	1,262.14	1,267.25	1,272.36	1,277.47	1,282.58
Woodie	1,183.63	1,198.94	1,239.38	1,254.69	1,295.13	1,310.44	1,350.88
Fibonacci	1,194.75	1,216.05	1,229.20	1,250.50	1,271.80	1,284.95	1,306.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,068.58	1,124.92	1,176.58	1,232.92	1,284.58	1,340.92	1,392.58
Camarilla	1,198.55	1,208.45	1,218.35	1,228.25	1,238.15	1,248.05	1,257.95
Woodie	1,066.25	1,123.75	1,174.25	1,231.75	1,282.25	1,339.75	1,390.25
Fibonacci	1,124.92	1,166.17	1,191.66	1,232.92	1,274.17	1,299.66	1,340.92

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):	31.31
MACD (12,26,9):	-4.4700
Directional Movement:	-18.70
AROON (14):	-92.86
DEMA (21):	1,241.93
Parabolic SAR (0,02-0,02-0,2):	1,245.85
Elder Ray (13):	-5.34
Super Trend (3,10):	1,251.22
Zig ZAG (10):	1,239.50
VORTEX (21):	0.8000
Stochastique (14,3,5):	6.32
TEMA (21):	1,239.24
Williams %R (14):	-93.33
Chande Momentum Oscillator (20):	-12.50
Repulse (5,40,3):	-0.3100
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	1.48

MA7:	1,244.11
MA20:	1,250.64
MA50:	1,241.18
MA100:	1,279.97
MAexp7:	1,242.77
MAexp20:	1,247.53
MAexp50:	1,251.74
MAexp100:	1,251.68
Price / MA7:	-0.39%
Price / MA20:	-0.91%
Price / MA50:	-0.16%
Price / MA100:	-3.18%
Price / MAexp7:	-0.28%
Price / MAexp20:	-0.66%
Price / MAexp50:	-1.00%
Price / MAexp100:	-0.99%

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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