Free Trial
US TSYS/SUPPLY

Preview $17B 20Y Bond Auction

OPTIONS

Several Euribor Flies

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

(K1) Corrective Pullback

SOY TECHS
  • RES 4: $1514.44 - 2.236 proj of Oct 29 - Nov 25 rally from Dec 2 low
  • RES 3: $1475.00 - 2.00 proj of Oct 29 - Nov 25 rally from Dec 2 low
  • RES 2: $1460.00 - High Mar 8 and the bull trigger
  • RES 1: $1435.00 - High Mar 23
  • PRICE: $1375.75 @ 13:44 GMT Mar 31
  • SUP 1: $1364.50 - Low Mar 30
  • SUP 2: $1336.75 - Low Feb 11
  • SUP 3: $1297.00 - Low Feb 25
  • SUP 4: $1244.00 - Low Dec 29

Soybean futures are softer and correcting lower. The contract touched $1460.00 on Mar 8. The climb confirmed a resumption of the uptrend with futures extending the bullish price sequence of higher highs and higher lows. Scope is seen for gains towards $1475.00, a Fibonacci projection. On the downside, support at $1378.25, Feb 26 low has been breached. A deeper pullback would open $1336.75, Feb 11 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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.