Trends - CBOT soyoil - Business Recorder

CBOT soyoil

CBOT wheat may retest support at $6.58

The current drop is highly likely to extend to $5.92-1/4, the bottom of the wave B.

Published 15 Jun, 2021 01:23pm

Markets

CBOT soybeans may bounce into $14.87-1/4 to $15.13-1/4 range

Based on the projection analysis, the contract is supposed to fall to $14.19-1/2.

Published 15 Jun, 2021 12:53pm

Markets

Palm extends fall to hit over 4-month low on cheaper US soyoil

CBOT soybean and soyoil prices fell more than 2% each, weighed down by a possible US move to reduce biodiesel production.

Published 14 Jun, 2021 12:19pm

Markets

CBOT wheat may rise to $7.03-1/2

A break below $6.69-1/2 could confirm a double-top forming around $7.03-1/2, which will then suggest a target of $6.39-1/2.

Published 11 Jun, 2021 01:39pm

Markets

CBOT soybeans may test support at $15.31-1/4

A break above $15.57-1/4 could lead to a gain into $15.78-1/4 to $15.99-1/4 range. On the daily chart, the uptrend remains intact, as an upward wave (5) is yet to unfold.

Published 11 Jun, 2021 11:13am

Markets

CBOT corn may retest resistance at $7.01-3/4

Corn has failed twice to break $7.01-3/4, it is highly likely to succeed this time, as the wave (3) has a fierce character.

Published 10 Jun, 2021 11:16am

Markets

CBOT soybeans set to retest resistance at $16.25-1/4

The third wave is ready to travel towards $16.41-3/4.

Published 10 Jun, 2021 11:13am

Markets

CBOT wheat may rise towards $7.18-1/2

Most likely, the current rise will consist of five waves as well.

Published 07 Jun, 2021 11:36am

Markets

CBOT corn may revisit the May 11 high of $7.32-1/2

On the daily chart, corn could be riding on an extended fifth wave which is often seen in commodity markets.

Published 07 Jun, 2021 11:35am

Markets

CBOT soybeans may rise to $16.67-1/2

On the daily chart, the wave count is a bit different. The contract is riding on a wave (5) which is expected to travel above the peak of the wave (3) at $16.67-1/2.

Published 07 Jun, 2021 11:32am

Markets

CBOT soybeans may rise to $16.25-1/4 per bushel

This wave has overcome the barrier at $15.73. It is expected to extend towards the next resistance at $16.41-3/4.

Published 03 Jun, 2021 12:06pm

Markets

CBOT wheat may retest resistance at $7.03-1/2

This impulsive wave mode is highly consistent with the one from the May 26 low of $6.39-1/2. The consistency confirms a steady uptrend from $4.96-1/4.

Published 02 Jun, 2021 12:07pm

Markets

CBOT soybeans may retreat into $15.24-1/4 to $15.33-1/2 range

This wave has completed its first part.

Published 02 Jun, 2021 12:06pm

Markets

CBOT corn may test resistance at $7.01-3/4

A drop to $6.79 could make this wave count invalid, a bearish target of $6.67-1/2 will be established accordingly. On the daily chart, corn could be riding on an extended fifth wave.

Published 02 Jun, 2021 12:03pm

Markets

CBOT wheat may test resistance at $6.88-1/4

A retracement analysis on the trend reveals a target zone of $7.03-1/2 to $7.18-1/2. Support is at $6.69-1/2, a break below which may cause a fall to $6.58.

Published 01 Jun, 2021 11:34am

Markets

CBOT wheat may retest a support at $6.39-1/2

Wave pattern suggests a lower target of $5.92-1/4, the bottom of the wave B. No matter where the drop ends, a decent bounce may occur around $6.17.

Published 27 May, 2021 12:02pm

Markets

CBOT soybeans may retest support at $14.89-3/4

A break above $15.11-3/4 may lead to a gain into $15.24-1/4 to $15.47 range. On the daily chart, the support at $15.04-1/4 failed to hold.

Published 27 May, 2021 12:00pm

Markets

CBOT soybeans may test resistance at $15.47

Regardless of final ending point of this wave, the uptrend will remain intact.

Published 25 May, 2021 12:29pm

Markets

CBOT corn may approach $6.71 again

A break below $6.47-1/2 may cause a fall to $6.33. On the daily chart, the contract looks sideways around a support at $6.52-1/4.

Published 25 May, 2021 12:12pm

Markets

Soy down 7-10 cents, corn down 5-7 cents, wheat down 4-6 cents

Wheat slid again overnight, poised for a fifth consecutive session of losses as a strong winter wheat outlook pressures the market and beneficial rains aid in crop development.
The CBOT's most-active wheat contract dipped below its 50-day moving average overnight.

Published 21 May, 2021 08:07pm

Markets

CBOT soybeans may test support at $15.11-3/4

On the daily chart, the contract is sliding towards $15.04-1/4.

Published 21 May, 2021 12:19pm

Markets

Corn jumps 1% on strong Chinese demand; wheat recovers

Crop scouts on the second day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the southwestern portion of the state at 56.7 bushels per acre, up from 47.6 bushels in 2019.

Published 20 May, 2021 10:57am

Markets

CBOT soybeans may test support at $15.58-1/2

The contract consolidated above a support at $15.79-1/4 for a few days. It is facing a stronger support at $15.58-1/2, which may hold and trigger a bounce as well.

Published 19 May, 2021 11:42am

Markets

CBOT soybeans may bounce to $16.25-3/4

Based on this analysis, the contract may bounce towards $16.41-3/4.

Published 18 May, 2021 12:35pm

Markets

Soy up 20-25 cents, corn steady-up 4 cents, wheat down 2-4 cents

Wheat futures easing as traders stake out positions ahead of USDA report.
Corn futures traded higher for much of the overnight trading session, but gave up most of their gains after the forecast for Brazil's corn crop topped market expectations.

Published 12 May, 2021 06:19pm

Markets

CBOT wheat may revisit May 7 high of $7.67-1/2

These patterns will be confirmed when wheat breaks $7.63-1/4.

Published 12 May, 2021 12:25pm

Markets

CBOT corn may rise into $7.49-1/2 to $7.56-3/4 range

Such a combination suggests a strong bullish sentiment, which simply ruins the least chance of a deep correction. Wave pattern suggests a further extension of the uptrend.

Published 12 May, 2021 12:24pm

Markets

CBOT soybeans may extend gains into $16.54-1/2 to $16.76-1/2 range

However, its strength may be undermined by the strong bullish momentum.

Published 12 May, 2021 12:22pm

Markets

CBOT corn may bounce to $7.19-1/4 before falling

A break above $7.19-1/4 could lead to a gain into $7.30-3/4 to $7.38 range.

Published 11 May, 2021 12:23pm

Markets

CBOT soybeans may retest resistance at $15.96-3/4

The contract managed to hover above $15.73, the former resistance. It is likely to test the next resistance at $16.41-3/4.

Published 11 May, 2021 12:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Cotton US¢/pound / Apr 25	80.89
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

CBOT soyoil

Most Popular