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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Corrective Bounce

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(H3) Pullback Considered Corrective

SOY TECHS
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  • RES 4: $1600.00 - Round number resistance
  • RES 3: $1572.25 - High Jun 9, 2022 and the key resistance
  • RES 2: $1545.75 - High Jun 17, 2022
  • RES 1: $1537.50 - High Dec 30 and the bull trigger
  • PRICE: $14777.50 @ 13:44 GMT Jan 10
  • SUP 1: $1466.75 - 50-day EMA
  • SUP 2: $1412.75 - Low Nov 17
  • SUP 3: $1371.00 - Low Oct 6
  • SUP 4: $1299.00 - Low Jul 22, 2022

Soybean futures continue to trade below the late Dec high of $1537.50. The recent pullback is considered corrective and the trend condition is bullish. Resistance at $1508.00, Sep 15 high, has recently been cleared. The break confirms a resumption of the broader uptrend that started on Jul 22 last year and opens $1545.75 next, the Jun 17, 2022 high. Support to watch lies at $1466.75, the 50-day EMA. A break would signal a potential top.

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  • RES 4: $1600.00 - Round number resistance
  • RES 3: $1572.25 - High Jun 9, 2022 and the key resistance
  • RES 2: $1545.75 - High Jun 17, 2022
  • RES 1: $1537.50 - High Dec 30 and the bull trigger
  • PRICE: $14777.50 @ 13:44 GMT Jan 10
  • SUP 1: $1466.75 - 50-day EMA
  • SUP 2: $1412.75 - Low Nov 17
  • SUP 3: $1371.00 - Low Oct 6
  • SUP 4: $1299.00 - Low Jul 22, 2022

Soybean futures continue to trade below the late Dec high of $1537.50. The recent pullback is considered corrective and the trend condition is bullish. Resistance at $1508.00, Sep 15 high, has recently been cleared. The break confirms a resumption of the broader uptrend that started on Jul 22 last year and opens $1545.75 next, the Jun 17, 2022 high. Support to watch lies at $1466.75, the 50-day EMA. A break would signal a potential top.