SOYBEAN - 1H - Technical analysis published on 08/19/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
67%
6%
28%
My opinion
Bullish above 1,391.25 USD
My targets
1,418.17 USD (+1.15%)
1,436.00 USD (+2.43%)
My analysis
The strong short-term increase of SOYBEAN should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1,391.25 USD, a purchase could be considered. The first bullish objective is located at 1,418.17 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1,436.00 USD. If there is any crossing, the next objective would be the resistance at 1,454.42 USD. Caution, if there is a return under 1,391.25 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.8
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Additional analysis
Quotes
SOYBEAN rating 1,402.00 USD. The price registered a decrease of -0.23% on the session and was traded between 1,391.25 USD and 1,410.00 USD over the period. The price is currently at +0.77% from its lowest and -0.57% from its highest.1,391.25
1,410.00
1,402.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of SOYBEAN indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Ichimoku : price is over the cloud
Type : Bullish
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 | 1,376.25 | 1,391.25 | 1,399.95 | 1,402.00 | 1,418.17 | 1,436.00 | 1,454.42 |
| Change (%) | -1.84% | -0.77% | -0.15% | - | +1.15% | +2.43% | +3.74% |
| Change | -25.75 | -10.75 | -2.05 | - | +16.17 | +34.00 | +52.42 |
| Level | Major | Minor | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,347.00 | 1,361.75 | 1,383.50 | 1,398.25 | 1,420.00 | 1,434.75 | 1,456.50 |
| Camarilla | 1,395.21 | 1,398.56 | 1,401.90 | 1,405.25 | 1,408.60 | 1,411.94 | 1,415.29 |
| Woodie | 1,350.50 | 1,363.50 | 1,387.00 | 1,400.00 | 1,423.50 | 1,436.50 | 1,460.00 |
| Fibonacci | 1,361.75 | 1,375.69 | 1,384.31 | 1,398.25 | 1,412.19 | 1,420.81 | 1,434.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,335.25 | 1,363.25 | 1,408.75 | 1,436.75 | 1,482.25 | 1,510.25 | 1,555.75 |
| Camarilla | 1,434.04 | 1,440.78 | 1,447.51 | 1,454.25 | 1,460.99 | 1,467.73 | 1,474.46 |
| Woodie | 1,344.00 | 1,367.63 | 1,417.50 | 1,441.13 | 1,491.00 | 1,514.63 | 1,564.50 |
| Fibonacci | 1,363.25 | 1,391.33 | 1,408.67 | 1,436.75 | 1,464.83 | 1,482.17 | 1,510.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,099.50 | 1,194.00 | 1,300.00 | 1,394.50 | 1,500.50 | 1,595.00 | 1,701.00 |
| Camarilla | 1,350.86 | 1,369.24 | 1,387.62 | 1,406.00 | 1,424.38 | 1,442.76 | 1,461.14 |
| Woodie | 1,105.25 | 1,196.88 | 1,305.75 | 1,397.38 | 1,506.25 | 1,597.88 | 1,706.75 |
| Fibonacci | 1,194.00 | 1,270.59 | 1,317.91 | 1,394.50 | 1,471.09 | 1,518.41 | 1,595.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.68 | |
| MACD (12,26,9): | 3.6400 | |
| Directional Movement: | 5.61 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 1,401.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,388.09 | |
| Elder Ray (13): | 2.53 | |
| Super Trend (3,10): | 1,379.74 | |
| Zig ZAG (10): | 1,401.75 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 69.20 | |
| TEMA (21): | 1,405.48 | |
| Williams %R (14): | -31.43 | |
| Chande Momentum Oscillator (20): | 16.00 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.95 |
| MA7: | 1,413.29 | |
| MA20: | 1,409.35 | |
| MA50: | 1,421.74 | |
| MA100: | 1,452.98 | |
| MAexp7: | 1,401.70 | |
| MAexp20: | 1,397.01 | |
| MAexp50: | 1,396.80 | |
| MAexp100: | 1,402.85 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -1.39% | |
| Price / MA100: | -3.51% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | -0.06% |
Quotes :
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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
-
Soybean farmer: We would like to have markets, not aid
-
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.
About author
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