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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOY TECHS
- RES 4: $1600.00 - Round number resistance
- RES 3: $1584.75 - High Jun 9 and the bull trigger
- RES 2: $1556.75 - High Jun 17
- RES 1: $1478.50/1507.44 - High Jun 22 / 50-day EMA
- PRICE: $1425.50 @ 13:19 BST Jun 24
- SUP 1: $1399.25 - Intraday low
- SUP 2: $1394.00 - Low Apr 1
- SUP 3: $1362.25 - Low Feb 1
- SUP 4: $1325.50 - Low Jan 27
Soybean futures sold off sharply yesterday. The contract remains soft but has arrived at a key area of support. The $1400.00 handle is the base of a range that started Feb 24 and has provided support on; Feb 25 ($1403.00 low), on Apr 1 ($1394.00 low) and so far today, at $1399.25. A clear break of these various lows would highlight an important break and potentially a significant reversal. If the base holds, this would be a bullish short-term development.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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