Free Trial

Clears The Bull Trigger


UBS: Above Consensus CPI

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(H2) Fades Off Highs

  • RES 4: $1385.94 - 76.4% of the Jun - Nov bear cycle
  • RES 3: $1384.50 - High Dec 28
  • RES 2: $1372.75 - 2.0% Upper Bollinger Band
  • RES 1: $1361.06 - 3.0% 10-dma Envelope
  • PRICE: $1340.75 @ 11:35 GMT Dec 31
  • SUP 1: $1300.50 - High Nov 17 and the recent breakout level
  • SUP 2: $1243.50 - Low Dec 14
  • SUP 3: $1223.50 - Low Dec 1
  • SUP 4: $1193.00 - Low Nov 9 and a key support

Soybean futures maintain a bullish tone, although have faded off recent highs. Nonetheless, Soy holds close to the best levels since mid-July. This reverses the downtrend that started Jun 7 and price has established a bullish sequence of higher highs and higher lows. The focus is on $1385.94, a Fibonacci retracement. On the downside, initial support is seen at $1300.50 ahead of a key level that has been defined at $1243.50, the Dec 14 low.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.