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 05/17/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 1,518.75 USD

My targets

1,631.00 USD (+2.87%)

1,692.42 USD (+6.74%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOYBEAN as long as the price remains well above 1,518.75 USD. The buyers' bullish objective is set at 1,631.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,692.42 USD. If there is any crossing, the next objective would be the resistance located at 1,768.25 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.5

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

Additional analysis

Quotes

The SOYBEAN rating is 1,585.50 USD. The price is lower by -0.05% since the last closing and was between 1,575.50 USD and 1,598.50 USD. This implies that the price is at +0.63% from its lowest and at -0.81% from its highest.

1,575.50

1,598.50

1,585.50

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SOYBEAN in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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
ProTrendLines	1,172.00	1,436.83	1,518.75	1,585.50	1,631.00	1,768.25
Change (%)	-26.08%	-9.38%	-4.21%	-	+2.87%	+11.53%
Change	-413.50	-148.67	-66.75	-	+45.50	+182.75
Level	Major	Intermediate	Major	-	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,535.50	1,556.25	1,571.25	1,592.00	1,607.00	1,627.75	1,642.75
Camarilla	1,576.42	1,579.70	1,582.97	1,586.25	1,589.53	1,592.80	1,596.08
Woodie	1,532.63	1,554.81	1,568.38	1,590.56	1,604.13	1,626.31	1,639.88
Fibonacci	1,556.25	1,569.91	1,578.34	1,592.00	1,605.66	1,614.09	1,627.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,456.25	1,514.75	1,550.50	1,609.00	1,644.75	1,703.25	1,739.00
Camarilla	1,560.33	1,568.97	1,577.61	1,586.25	1,594.89	1,603.53	1,612.17
Woodie	1,444.88	1,509.06	1,539.13	1,603.31	1,633.38	1,697.56	1,727.63
Fibonacci	1,514.75	1,550.75	1,573.00	1,609.00	1,645.00	1,667.25	1,703.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,219.83	1,298.92	1,416.58	1,495.67	1,613.33	1,692.42	1,810.08
Camarilla	1,480.14	1,498.18	1,516.22	1,534.25	1,552.29	1,570.32	1,588.36
Woodie	1,239.13	1,308.56	1,435.88	1,505.31	1,632.63	1,702.06	1,829.38
Fibonacci	1,298.92	1,374.08	1,420.51	1,495.67	1,570.83	1,617.26	1,692.42

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):	62.66
MACD (12,26,9):	41.7700
Directional Movement:	20.55
AROON (14):	71.43
DEMA (21):	1,601.51
Parabolic SAR (0,02-0,02-0,2):	1,575.00
Elder Ray (13):	17.65
Super Trend (3,10):	1,533.78
Zig ZAG (10):	1,585.25
VORTEX (21):	1.2000
Stochastique (14,3,5):	53.44
TEMA (21):	1,616.56
Williams %R (14):	-46.89
Chande Momentum Oscillator (20):	82.25
Repulse (5,40,3):	-1.4400
ROCnROLL:	1
TRIX (15,9):	0.4000
Courbe Coppock:	11.81

MA7:	1,598.61
MA20:	1,547.06
MA50:	1,466.70
MA100:	1,416.43
MAexp7:	1,587.50
MAexp20:	1,547.24
MAexp50:	1,482.91
MAexp100:	1,402.88
Price / MA7:	-0.82%
Price / MA20:	+2.48%
Price / MA50:	+8.10%
Price / MA100:	+11.94%
Price / MAexp7:	-0.13%
Price / MAexp20:	+2.47%
Price / MAexp50:	+6.92%
Price / MAexp100:	+13.02%

Quotes : - 10 min delayed data - CBOT Futures

News

The last news published on SOYBEAN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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