MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H1) Uptrend Extension

SOY TECHS
  • RES 4: $1388.25 - 1.500 proj of Oct 29 Nov 25 rally from Dec 2 low
  • RES 3: $1368.94 - 1.382 proj of Oct 29 Nov 25 rally from Dec 2 low
  • RES 2: $1345.06 - 1.236 proj of Oct 29 Nov 25 rally from Dec 2 low
  • RES 1: $1336.25 - High Aug 2014 (cont)
  • PRICE: $1316.50 @ 06:45 GMT Dec 31
  • SUP 1: $1246.25 - Low Dec 29
  • SUP 2: $1222.44 - 20-day EMA
  • SUP 3: $1200.25 - High Nov 25 and former breakout level
  • SUP 4: $1166.50 - Low Dec 14

Soybean futures outlook remains bullish and the contract continues to trade higher. The recent clearance of key resistance at $1200.25, Nov 25 high and a bull trigger, confirmed a resumption of the primary uptrend, maintaining a price sequence of higher highs and higher lows. The focus is on 1336.25 next, the Aug 2014 high. On the downside, key trend support has been defined at $1143.00, Dec 2 low. Initial firm support is at $1200.25.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.