SOYBEAN

3.24 USD (+0.31%)

03/24/2025 - 14:55 Closed 10 min delayed data - CBOT Futures

Open:	3.23
Change:	+0.01
Volume:	1,139

Low:	3.23
High:	3.38
High / Low range:	0.15

Type:	Commodities
Ticker:	SOY
ISIN:

SOYBEAN - Weekly - Technical analysis published on 09/18/2024 (GMT)

130
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09/18/2024 - 00:35
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Timeframe : Weekly
- Analysis generated on 09/18/2024 - 00:35
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 1,032.50 USD

My targets

912.85 USD (-9.44%)

824.25 USD (-18.23%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SOYBEAN as long as the price remains well below 1,032.50 USD. The sellers' bearish objective is set at 912.85 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 824.25 USD. In case of crossing, the next objective would be the support located at 636.25 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.6

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 farmpro. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SOYBEAN rating 1,008.00 USD. The price is up +1.08% over 5 days and has been traded over the last 5 days between 999.00 USD and 1,021.00 USD. This implies that the 5 day price is +0.90% from its lowest point and -1.27% from its highest point.

999.00

1,021.00

1,008.00

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this SOYBEAN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	636.25	824.25	912.85	1,008.00	1,032.50	1,096.00	1,186.85
Change (%)	-36.88%	-18.23%	-9.44%	-	+2.43%	+8.73%	+17.74%
Change	-371.75	-183.75	-95.15	-	+24.50	+88.00	+178.85
Level	Major	Minor	Major	-	Major	Major	Major

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
Standard	993.50	997.75	1,002.50	1,006.75	1,011.50	1,015.75	1,020.50
Camarilla	1,004.78	1,005.60	1,006.43	1,007.25	1,008.08	1,008.90	1,009.73
Woodie	993.75	997.88	1,002.75	1,006.88	1,011.75	1,015.88	1,020.75
Fibonacci	997.75	1,001.19	1,003.31	1,006.75	1,010.19	1,012.31	1,015.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	968.67	982.08	994.17	1,007.58	1,019.67	1,033.08	1,045.17
Camarilla	999.24	1,001.58	1,003.91	1,006.25	1,008.59	1,010.93	1,013.26
Woodie	968.00	981.75	993.50	1,007.25	1,019.00	1,032.75	1,044.50
Fibonacci	982.08	991.82	997.84	1,007.58	1,017.32	1,023.34	1,033.08

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	869.00	912.00	956.00	999.00	1,043.00	1,086.00	1,130.00
Camarilla	976.08	984.05	992.03	1,000.00	1,007.98	1,015.95	1,023.93
Woodie	869.50	912.25	956.50	999.25	1,043.50	1,086.25	1,130.50
Fibonacci	912.00	945.23	965.77	999.00	1,032.23	1,052.77	1,086.00

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):	36.37
MACD (12,26,9):	-46.4000
Directional Movement:	-8.44
AROON (14):	-64.29
DEMA (21):	990.79
Parabolic SAR (0,02-0,02-0,2):	1,031.25
Elder Ray (13):	-22.36
Super Trend (3,10):	1,089.62
Zig ZAG (10):	1,007.25
VORTEX (21):	0.8500
Stochastique (14,3,5):	28.58
TEMA (21):	980.48
Williams %R (14):	-68.26
Chande Momentum Oscillator (20):	-77.00
Repulse (5,40,3):	0.4700
ROCnROLL:	2
TRIX (15,9):	-0.5700
Courbe Coppock:	23.45

MA7:	1,006.36
MA20:	997.91
MA50:	1,014.03
MA100:	1,074.78
MAexp7:	1,008.02
MAexp20:	1,051.98
MAexp50:	1,126.16
MAexp100:	1,154.09
Price / MA7:	+0.16%
Price / MA20:	+1.01%
Price / MA50:	-0.59%
Price / MA100:	-6.21%
Price / MAexp7:	+0.00%
Price / MAexp20:	-4.18%
Price / MAexp50:	-10.49%
Price / MAexp100:	-12.66%

Quotes : 09/18/2024 - 00:23 - 10 min delayed data - CBOT Futures

News

The latest news and videos published on SOYBEAN at the time of the analysis were as follows:

06/28/2019 - 17:22 Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
12/13/2018 - 20:07 Soybean farmer: We would like to have markets, not aid
12/13/2018 - 19:07 Impact of tariffs on America's soybean farmers
12/12/2018 - 06:18 Will Trump's Truce With China Help Soybean Sales?
12/06/2018 - 14:35 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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