SOYBEAN - 1H - Technical analysis published on 10/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 1,211.33 USD
My targets
1,221.00 USD (+0.47%)
1,235.40 USD (+1.66%)
My analysis
The basic trend is currently slightly bullish on SOYBEAN and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1,211.33 USD, purchases could be favourable. The first bullish objective would be the resistance located at 1,221.00 USD. Then the price could move towards 1,235.40 USD. Then 1,247.60 USD by extension. A return under the support to 1,211.33 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOYBEAN rating 1,215.25 USD. The price is lower by -0.21% since the last closing and was traded between 1,213.50 USD and 1,221.75 USD over the period. The price is currently at +0.14% from its lowest and -0.53% from its highest.1,213.50
1,221.75
1,215.25
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 1H of this SOYBEAN chart shows a slightly bullish trend. 50.00% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,193.50 | 1,202.17 | 1,211.33 | 1,215.25 | 1,221.00 | 1,235.40 | 1,247.60 |
| Change (%) | -1.79% | -1.08% | -0.32% | - | +0.47% | +1.66% | +2.66% |
| Change | -21.75 | -13.08 | -3.92 | - | +5.75 | +20.15 | +32.35 |
| Level | Intermediate | Minor | Minor | - | Minor | 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 | 1,187.17 | 1,194.58 | 1,206.17 | 1,213.58 | 1,225.17 | 1,232.58 | 1,244.17 |
| Camarilla | 1,212.53 | 1,214.27 | 1,216.01 | 1,217.75 | 1,219.49 | 1,221.23 | 1,222.98 |
| Woodie | 1,189.25 | 1,195.63 | 1,208.25 | 1,214.63 | 1,227.25 | 1,233.63 | 1,246.25 |
| Fibonacci | 1,194.58 | 1,201.84 | 1,206.33 | 1,213.58 | 1,220.84 | 1,225.33 | 1,232.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,117.67 | 1,151.08 | 1,184.42 | 1,217.83 | 1,251.17 | 1,284.58 | 1,317.92 |
| Camarilla | 1,199.39 | 1,205.51 | 1,211.63 | 1,217.75 | 1,223.87 | 1,229.99 | 1,236.11 |
| Woodie | 1,117.63 | 1,151.06 | 1,184.38 | 1,217.81 | 1,251.13 | 1,284.56 | 1,317.88 |
| Fibonacci | 1,151.08 | 1,176.58 | 1,192.34 | 1,217.83 | 1,243.33 | 1,259.09 | 1,284.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,157.00 | 1,199.50 | 1,223.00 | 1,265.50 | 1,289.00 | 1,331.50 | 1,355.00 |
| Camarilla | 1,228.35 | 1,234.40 | 1,240.45 | 1,246.50 | 1,252.55 | 1,258.60 | 1,264.65 |
| Woodie | 1,147.50 | 1,194.75 | 1,213.50 | 1,260.75 | 1,279.50 | 1,326.75 | 1,345.50 |
| Fibonacci | 1,199.50 | 1,224.71 | 1,240.29 | 1,265.50 | 1,290.71 | 1,306.29 | 1,331.50 |
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): | 53.81 | |
| MACD (12,26,9): | 1.9700 | |
| Directional Movement: | 3.73 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1,217.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,212.85 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 1,206.69 | |
| Zig ZAG (10): | 1,215.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 40.14 | |
| TEMA (21): | 1,217.82 | |
| Williams %R (14): | -82.86 | |
| Chande Momentum Oscillator (20): | -0.75 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1,214.71 | |
| MA20: | 1,247.79 | |
| MA50: | 1,284.82 | |
| MA100: | 1,340.40 | |
| MAexp7: | 1,215.90 | |
| MAexp20: | 1,214.94 | |
| MAexp50: | 1,212.55 | |
| MAexp100: | 1,216.98 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -2.61% | |
| Price / MA50: | -5.41% | |
| Price / MA100: | -9.34% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -0.14% |
Quotes :
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10 min delayed data
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CBOT Futures
News
The latest news and videos published on SOYBEAN at the time of the analysis were as follows:
-
Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
-
Soybean farmer: We would like to have markets, not aid
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Impact of tariffs on America's soybean farmers
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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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