SOYBEAN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	SOY
ISIN:

SOYBEAN - Daily - Technical analysis published on 11/12/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

33%

28%

39%

My opinion

Bearish under 1,046.25 USD

My targets

970.75 USD (-3.38%)

926.60 USD (-7.78%)

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 1,046.25 USD, sellers' retain the upper hand. A break in the support at 970.75 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 926.60 USD as an objective. Crossing it would then enable sellers to target 838.00 USD. If the price were to depress the resistance 1,046.25 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

4.1

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

Additional analysis

Quotes

The SOYBEAN price is 1,004.75 USD. On the day, this instrument lost -1.71% and was between 1,004.50 USD and 1,027.50 USD. This implies that the price is at +0.02% from its lowest and at -2.21% from its highest.

1,004.50

1,027.50

1,004.75

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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 results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this SOYBEAN chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	838.00	926.60	970.75	1,004.75	1,005.00	1,046.25	1,109.75
Change (%)	-16.60%	-7.78%	-3.38%	-	+0.02%	+4.13%	+10.45%
Change	-166.75	-78.15	-34.00	-	+0.25	+41.50	+105.00
Level	Minor	Major	Intermediate	-	Major	Major	Major

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	991.00	1,005.25	1,013.75	1,028.00	1,036.50	1,050.75	1,059.25
Camarilla	1,015.99	1,018.08	1,020.17	1,022.25	1,024.34	1,026.42	1,028.51
Woodie	988.13	1,003.81	1,010.88	1,026.56	1,033.63	1,049.31	1,056.38
Fibonacci	1,005.25	1,013.94	1,019.31	1,028.00	1,036.69	1,042.06	1,050.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	931.50	956.75	993.50	1,018.75	1,055.50	1,080.75	1,117.50
Camarilla	1,013.20	1,018.88	1,024.57	1,030.25	1,035.93	1,041.62	1,047.30
Woodie	937.25	959.63	999.25	1,021.63	1,061.25	1,083.63	1,123.25
Fibonacci	956.75	980.43	995.07	1,018.75	1,042.43	1,057.07	1,080.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	854.58	915.92	954.83	1,016.17	1,055.08	1,116.42	1,155.33
Camarilla	966.18	975.37	984.56	993.75	1,002.94	1,012.13	1,021.32
Woodie	843.38	910.31	943.63	1,010.56	1,043.88	1,110.81	1,144.13
Fibonacci	915.92	954.21	977.87	1,016.17	1,054.46	1,078.12	1,116.42

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):	48.02
MACD (12,26,9):	-1.5200
Directional Movement:	1.51
AROON (14):	50.00
DEMA (21):	1,004.95
Parabolic SAR (0,02-0,02-0,2):	983.41
Elder Ray (13):	7.33
Super Trend (3,10):	1,033.24
Zig ZAG (10):	1,006.00
VORTEX (21):	0.9800
Stochastique (14,3,5):	63.05
TEMA (21):	1,008.42
Williams %R (14):	-58.05
Chande Momentum Oscillator (20):	7.75
Repulse (5,40,3):	-2.5200
ROCnROLL:	2
TRIX (15,9):	-0.0900
Courbe Coppock:	2.97

MA7:	1,012.36
MA20:	1,000.24
MA50:	1,022.45
MA100:	1,034.17
MAexp7:	1,011.81
MAexp20:	1,009.15
MAexp50:	1,018.67
MAexp100:	1,042.85
Price / MA7:	-0.75%
Price / MA20:	+0.45%
Price / MA50:	-1.73%
Price / MA100:	-2.84%
Price / MAexp7:	-0.70%
Price / MAexp20:	-0.44%
Price / MAexp50:	-1.37%
Price / MAexp100:	-3.65%

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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