Free Trial

(X2) Watching Support

SOY TECHS
  • RES 4: $1584.75 - High Jun 9 and the key resistance
  • RES 3: $1556.75 - High Jul 11
  • RES 2: $1507.75 - High Jun 30
  • RES 1: $1489.00 - High Jul 29 and a key resistance
  • PRICE: $1408.75 @ 13:12 BST Sep 2
  • SUP 1: $1376.00 - Low Aug 16
  • SUP 2: $1356.00/1288.50 - Low Aug 3 / Low Jul 22 and bear trigger
  • SUP 3: $1276.00 - Low Jan 18
  • SUP 4: $1262.75 - Low Dec 30 2021

Soybean futures key short-term resistance is unchanged at $1489.00, Jul 29 high. This level remains intact but a break would undermine a recent bearish theme and signal potential for a stronger short-term recovery. This would open the Jun 30 high of $1507.75. On the downside, the failure recently to hold on to gains, signals potential for weakness towards key support at $1356.00, Aug 3 low. A break of this level would be bearish.

To read the full story

Close

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.