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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.
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Free AccessMNI Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
SOY TECHS: (N3) Pullback Extends
- RES 4: $1562.50 - High Jun 9 2022 and a major resistance
- RES 3: $1546.00 - High Dec 30 2022 and key resistance
- RES 2: $1541.50 - High Feb 22
- RES 1: $1501.00/1525.25 - High Apr 18 / High Mar 6
- PRICE: $1457.25 @ 13:44 BST Apr 21
- SUP 1: $1455.75/1440.25 - Low APr 6 / Low Mar 31
- SUP 2: $1418.25 - Low Mar 28
- SUP 3: $1383.75 - Low Mar 24 and a key support
- SUP 4: $1384.50 - Low Oct 6 2022
Soybean futures continue to trade lower. The extension has resulted in a test of support at $1455.75, the Apr 6 low. A firmer support lies at $1440.25, the Mar 31 low. A break of this level would cancel a recent bullish theme and signal scope for a deeper pullback. On the upside, clearance of Tuesday’s $1501.00 high is required to reinstate a bullish theme - this would expose $1525.25, the Mar 6 high.
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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.