Free Trial
STIR

SOFR Put Volumes Pick Up

CROSS ASSET

MONTH END (updated)

CORN TECHS

(H3) Remains Below Its Recent Highs

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

(H3) Recent Pullback Considered Corrective

SOY TECHS
  • 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: $1496.25 @ 14:30 GMT Jan 11
  • SUP 1: $1467.50 - 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 remains bullish. Resistance at $1508.00, the 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 $1467.50, the 50-day EMA. A break would signal a potential top.

143 words

To read the full story

Why Subscribe to

MarketNews.com

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.
  • 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: $1496.25 @ 14:30 GMT Jan 11
  • SUP 1: $1467.50 - 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 remains bullish. Resistance at $1508.00, the 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 $1467.50, the 50-day EMA. A break would signal a potential top.