SOYBEAN MEAL ONLY0321 - Daily - Technical analysis published on 02/12/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
SOYBEAN MEAL ONLY0321 Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 421.8 USD
My targets
436.6 USD (+1.75%)
465.4 USD (+8.46%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 421.8 USD remains possible. It is advisable to trade SOYBEAN MEAL ONLY0321 with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 421.8 USD. The next bullish objective for buyers is set at 436.6 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 465.4 USD. PS: if there is a bearish break in the support located at 421.8 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2
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This analysis was given by SuperLubeCrude.
Additional analysis
Quotes
The SOYBEAN MEAL ONLY0321 rating is 429.1 USD. The price registered an increase of +0.05% on the session and was between 426.3 USD and 429.8 USD. This implies that the price is at +0.66% from its lowest and at -0.16% from its highest.426.3
429.8
429.1
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this SOYBEAN MEAL ONLY0321 chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 358.0 | 396.0 | 421.8 | 429.1 | 436.6 | 465.4 |
| Change (%) | -16.57% | -7.71% | -1.70% | - | +1.75% | +8.46% |
| Change | -71.1 | -33.1 | -7.3 | - | +7.5 | +36.3 |
| Level | Minor | Minor | Major | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 409.0 | 413.9 | 421.4 | 426.3 | 433.8 | 438.7 | 446.2 |
| Camarilla | 425.5 | 426.6 | 427.8 | 428.9 | 430.0 | 431.2 | 432.3 |
| Woodie | 410.3 | 414.6 | 422.7 | 427.0 | 435.1 | 439.4 | 447.5 |
| Fibonacci | 413.9 | 418.6 | 421.6 | 426.3 | 431.0 | 434.0 | 438.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 408.6 | 415.8 | 423.1 | 430.3 | 437.6 | 444.8 | 452.1 |
| Camarilla | 426.5 | 427.8 | 429.2 | 430.5 | 431.8 | 433.2 | 434.5 |
| Woodie | 408.8 | 415.8 | 423.3 | 430.3 | 437.8 | 444.8 | 452.3 |
| Fibonacci | 415.8 | 421.3 | 424.7 | 430.3 | 435.8 | 439.2 | 444.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 354.5 | 386.0 | 408.3 | 439.8 | 462.1 | 493.6 | 515.9 |
| Camarilla | 415.7 | 420.6 | 425.6 | 430.5 | 435.4 | 440.4 | 445.3 |
| Woodie | 349.8 | 383.7 | 403.6 | 437.5 | 457.4 | 491.3 | 511.2 |
| Fibonacci | 386.0 | 406.6 | 419.3 | 439.8 | 460.4 | 473.1 | 493.6 |
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): | 48.70 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | -4.9 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 434.7 | |
| Parabolic SAR (0,02-0,02-0,2): | 443.2 | |
| Elder Ray (13): | -3.8 | |
| Super Trend (3,10): | 460.3 | |
| Zig ZAG (10): | 428.8 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 34.20 | |
| TEMA (21): | 428.3 | |
| Williams %R (14): | -59.40 | |
| Chande Momentum Oscillator (20): | -7.7 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.40 |
| MA7: | 431.3 | |
| MA20: | 434.5 | |
| MA50: | 421.4 | |
| MA100: | 392.8 | |
| MAexp7: | 430.5 | |
| MAexp20: | 432.0 | |
| MAexp50: | 420.5 | |
| MAexp100: | 396.4 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +9.24% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | +2.05% | |
| Price / MAexp100: | +8.25% |
Quotes :
2021-02-12 08:00:43
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10 min delayed data
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CBOT Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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