Trends - CBOT soybean - Business Recorder

CBOT soybean

CBOT soybeans may retest resistance at $15.61-1/4

On the daily chart, the uptrend remains firm within a rising channel.

Published 03 May, 2021 12:13pm

Markets

CBOT corn may resume uptrend

Only after a top pattern forms could the trend reversal be confirmed.

Published 29 Apr, 2021 12:21pm

Markets

CBOT soybeans could retest support at $15.47-1/2

The uptrend is expected to resume upon the completion of the correction.

Published 29 Apr, 2021 11:25am

Markets

CBOT corn may test resistance at $6.93

A break below $6.76-1/4 could open the way towards $6.49.

Published 28 Apr, 2021 11:40am

Markets

CBOT corn may rise into $7.01-3/4 to $7.08-1/4 range

On the daily chart, the rise seems to be full of momentum and unstoppable.

Published 27 Apr, 2021 12:04pm

Markets

CBOT soybeans may extend gains into $15.82-$15.98 range

When the first black candlestick appears remains a mystery.

Published 27 Apr, 2021 12:03pm

Markets

CBOT corn may retest resistance at $6.73-3/4

On the daily chart, the contract failed to break a resistance at $6.72-1/4. The failure won't mean anything if corn closes above $6.59-1/2 on Monday.

Published 26 Apr, 2021 11:52am

Markets

CBOT soybeans may extend gains to $15.82

The uptrend is expected to reverse in the range of $15.98 to $16.24. Support is at $15.41-1/4, a break below which could cause a fall into $15.14-1/4 to $15.30-1/4 range.

Published 26 Apr, 2021 11:43am

Markets

CBOT soybeans may extend gains into $15.56-1/4 to $15.72-1/4 range

The only choice is to follow the trend.

Published 23 Apr, 2021 11:33am

Markets

CBOT corn may rise more into $6.39 to $6.45-3/4 range

Another projection analysis on the uptrend from $5.49-3/4 reveals a piercing above a resistance at $6.32-1/2 as well.

Published 22 Apr, 2021 01:14pm

Markets

CBOT soybeans may extend gains into $15.30-1/4 to $15.41-1/4 range

The resistance at $15.14-1/4 may not hold.

Published 22 Apr, 2021 12:23pm

Markets

CBOT soybeans may hover below $14.88-1/4

A realistic target will be $15.01-1/4. On the daily chart, the contract faces a similar resistance at $14.91-1/2.

Published 21 Apr, 2021 12:03pm

Markets

CBOT wheat may fall to $6.39-3/4

A decent correction is due. On the daily chart, two doji formed around a resistance at $6.54-3/4, on Monday and April 16.

Published 20 Apr, 2021 11:40am

Markets

CBOT corn may rise into $6.00-1/4 to $6.07 range

This could be a bullish continuation pattern or a top pattern, depending on the subsequent break above the upper trendline or below the lower trendline.

Published 20 Apr, 2021 11:35am

Markets

CBOT soybeans may test resistance at $14.72-1/4

Based on the depth of the correction from the March 8 high of $14.60 to the March 30 low of $13.64-1/4, the contract may rise to $15.57.

Published 20 Apr, 2021 11:34am

Markets

CBOT corn may retest resistance at $6.00-1/4

A rising trendline suggests a target of $6.19-1/4.

Published 19 Apr, 2021 11:28am

Markets

CBOT soybeans may retest resistance at $14.54

The uptrend from $8.23-3/4 so far remains intact. Indeed, it may have resumed, as the contract persistently rose towards $14.54-3/4.

Published 19 Apr, 2021 11:27am

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 16 Apr, 2021 11:25am

Markets

CBOT corn may rise into $6.00-1/4 to $6.07 range

The zigzagging mode indicates either a temporary top around $6.06 or an early stage of a strong rally. The $6.06-1/2 level will be pivotal in evaluating the next direction.

Published 15 Apr, 2021 11:56am

Markets

CBOT soybeans may test resistance at $14.20-1/2

Based on the readings on the hourly chart, the contract may edge up into the range of $14.33-1/2 to $14.54-3/4 first.

Published 15 Apr, 2021 11:28am

Markets

Wheat up 7-9 cents, soy up 6-9 cents, corn up 5-8 cents

CBOT wheat gained overnight, boosted by strength in corn and soybeans as concerns over dryness in Europe and US spring wheat planting regions continue to provide support.
CBOT's most-active wheat contract climbed above its 100-day moving average overnight, nearing its 50-day moving average of $6.40.

Published 14 Apr, 2021 06:19pm

Markets

CBOT soybeans may test resistance at $14.04-1/2

On the daily chart, the contract found a similar support at $13.76-3/4, around which, a spinning top formed on Tuesday.

Published 14 Apr, 2021 12:10pm

Markets

CBOT soybeans may test resistance at $13.91-1/2

With the contract having come so close to the March 30 low of $13.64-1/4, the pattern around $14.54-3/4 looks more and more like a double-top, which will suggest a target of $12.70 once confirmed.

Published 13 Apr, 2021 01:09pm

Markets

CBOT corn may stabilize around $5.65-3/4

Even though corn is much expected to bounce from the current level, it is still too early to conclude a resumption of the uptrend.

Published 13 Apr, 2021 12:59pm

Markets

CBOT soybeans neutral in $14.04-1/2 to $14.20-1/2 range

Only a rise above $14.33-1/2 could bring some hope to the continuation of the uptrend.

Published 09 Apr, 2021 10:56am

Markets

CBOT soybeans may fall into $13.78-1/2 to $13.91-1/2 range

On the daily chart, the pattern around $14.54-3/4 looks like a double-top, based on the weak bounce from the April 1 low of $13.98-1/2.

Published 08 Apr, 2021 12:51pm

Markets

CBOT wheat may retest resistance at $6.21-1/2

On the daily chart, the current bounce is expected to be matching the one from the Jan. 25 low of $6.26.

Published 07 Apr, 2021 01:51pm

Markets

Soy up 12-15 cents, corn mixed, wheat steady-up 3 cents

Benchmark soft red winter wheat futures firming on some concerns about crop health in parts of Midwest after cold snap late last week.
Forecasts for rain in southern US Plains pressure hard red winter wheat while spring wheat supported by dry soils in northern US Plains.

Published 05 Apr, 2021 08:22pm

Markets

Corn jumps to highest since 2013 on lower US planting outlook

The United States is the world's biggest corn exporter and the No. 2 soybean supplier.

Published 01 Apr, 2021 11:35am

Markets

CBOT soybeans may stabilize in support zone of $14.20-1/2 to $14.31-1/2

A projection analysis reveals a possible ending point of the correction in the support zone of $14.17-3/4 to $14.33-1/2.

Published 01 Apr, 2021 11:11am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Petrol/Litre / Apr 19	293.94
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Diesel/Litre / Apr 19	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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