AGL 5.71 Decreased By ▼ -0.04 (-0.7%)
ANL 8.91 Increased By ▲ 0.06 (0.68%)
AVN 79.00 Decreased By ▼ -0.50 (-0.63%)
BOP 5.26 Increased By ▲ 0.09 (1.74%)
CNERGY 4.73 Increased By ▲ 0.04 (0.85%)
EFERT 81.58 Increased By ▲ 0.48 (0.59%)
EPCL 51.04 Increased By ▲ 0.05 (0.1%)
FCCL 13.35 Decreased By ▼ -0.14 (-1.04%)
FFL 5.80 Decreased By ▼ -0.01 (-0.17%)
FLYNG 7.18 Decreased By ▼ -0.03 (-0.42%)
FNEL 4.81 Increased By ▲ 0.01 (0.21%)
GGGL 8.95 Increased By ▲ 0.25 (2.87%)
GGL 16.13 Increased By ▲ 0.38 (2.41%)
HUMNL 5.86 Increased By ▲ 0.01 (0.17%)
KEL 2.64 Increased By ▲ 0.06 (2.33%)
LOTCHEM 29.24 Decreased By ▼ -0.26 (-0.88%)
MLCF 25.18 Decreased By ▼ -0.12 (-0.47%)
OGDC 72.80 Increased By ▲ 0.35 (0.48%)
PAEL 15.39 Decreased By ▼ -0.01 (-0.06%)
PIBTL 5.10 Decreased By ▼ -0.05 (-0.97%)
PRL 16.37 Increased By ▲ 0.12 (0.74%)
SILK 1.07 No Change ▼ 0.00 (0%)
TELE 9.39 Increased By ▲ 0.09 (0.97%)
TPL 7.40 Increased By ▲ 0.05 (0.68%)
TPLP 18.93 Decreased By ▼ -0.23 (-1.2%)
TREET 22.04 Increased By ▲ 0.19 (0.87%)
TRG 142.15 Decreased By ▼ -0.65 (-0.46%)
UNITY 17.23 Increased By ▲ 0.03 (0.17%)
WAVES 9.99 Decreased By ▼ -0.04 (-0.4%)
WTL 1.43 Increased By ▲ 0.05 (3.62%)
BR100 4,269 Increased By 21.2 (0.5%)
BR30 15,793 Increased By 32.1 (0.2%)
KSE100 42,512 Increased By 163.6 (0.39%)
KSE30 15,715 Increased By 83.1 (0.53%)
Markets

CBOT soybeans may test resistance at $14.31-1/2

  • A break below $14.20-1/2, now a support, could open the way towards $14.04-1/2.
Published April 16, 2021
Follow us

SINGAPORE: The CBOT soybean May contract may test a resistance at $14.31-1/2 per bushel, a break above which could lead to a gain to $14.46-1/2.

The contract has just cleared a lower resistance at $14.04-1/2. As long as it hovers above this level, it may test $14.31-1/2.

The contract may fail to break $14.31-1/2 in its first attempt, as this resistance is near the peak of the wave b.

A break below $14.20-1/2, now a support, could open the way towards $14.04-1/2.

On the daily chart, the contract is observing a set of projection levels. It has climbed $14.17-3/4 and is heading towards $14.33-1/2 to $14.54-3/4 range.

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Comments

Comments are closed.

CBOT soybeans may test resistance at $14.31-1/2

Intra-day update: rupee records gains against US dollar

Ban on GMO soyabean: govt, importers take divergent positions

Finance Bill 2023: SEZs: FBR to withdraw turnover tax exemption

Country has ‘sufficient’ wheat, cabinet told

Musk says Twitter clash with Apple a ‘misunderstanding’

Dollar plunges to 3-month low vs yen as Powell says Fed to go slow

Encashment of SBLC: Resolve Hubco-CPHGC dispute, PM asks authorities concerned

Delay in import of spare parts: Haveli Bahadur Shah power plant faces closure

FCA for Oct 2022: Nepra to allow KE negative adjustment of Rs2.15/unit

Media campaigns: ECC approves Rs2bn TSG against Rs5bn demand