Trends - CBOT - Business Recorder

CBOT

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

On the daily chart, the uptrend is developing within a rising channel, which points to a target of $16.41-3/4.

Published 10 May, 2021 11:03am

Markets

CBOT wheat may revisit April 27 high of $7.69-1/2

Based on the depth of the correction from the April 27 high of $7.69-1/2, this wave may extend to $8.27-1/2.

Published 07 May, 2021 11:35am

Markets

CBOT corn may rise into $7.38 to $7.49-1/2 zone

On the daily chart, the uptrend from $5.18-1/4 consists of many smaller waves. A five-wave cycle from $5.52-3/4 is still developing.

Published 07 May, 2021 11:32am

Markets

CBOT soybeans may rise to $16.18-3/4

A correction from the current level will be regarded as a pullback towards the former resistance at $15.74-3/4, now a support.

Published 07 May, 2021 11:31am

Markets

CBOT soybeans may rise into $15.74-3/4 to $15.96-3/4 range

The contract is retesting a resistance at $15.73, with a good chance of breaking above this level and rising to $16.41-3/4.

Published 06 May, 2021 11:56am

Markets

CBOT wheat rallies on spillover support from surging corn market

K.C. July hard red winter wheat jumped 10-3/4 cents to $6.99-1/4, while MGEX July spring wheat ended up 9-1/2 cents at $7.68-1/4 per bushel.

Published 05 May, 2021 12:33pm

Markets

CBOT corn may rise towards $7.19-1/4 to $7.26-1/4 zone

Indeed, the wave iii does not look as strong as expected. It is supposed to be fierce and full of momentum.

Published 05 May, 2021 12:19pm

Markets

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

The contract is expected to retest a resistance at $15.73. A break could open the way towards $16.41-3/4.

Published 05 May, 2021 12:17pm

Markets

CBOT soybeans may revisit Monday high of $15.63-1/2

The correction triggered by the resistance at $15.61-1/4 may have ended around $15.14-1/2. The wave 5 may have resumed.

Published 04 May, 2021 11:54am

Markets

Funds unexpectedly sell CBOT corn as end users face unpleasant price tag

FORT COLLINS, (Colo): Speculators were expected last week to have gone on a record buying spree in Chicago corn, but...

Published 04 May, 2021 04:26am

Markets

CBOT wheat may revisit April 27 high of $7.69-1/2

A study on the first month continuous chart suggests a 14% gain from the current level. When applied to the July contract, this percentage indicates a target of $8.50.

Published 03 May, 2021 01:49pm

Markets

CBOT corn may rise to $7.19-1/4

Support is at $6.81-1/2, a break below which could cause a fall to $6.70.

Published 03 May, 2021 12:15pm

Markets

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 soybeans may retest support at $14.92-1/4

Resistance is at $15.12-1/4, a break above which could lead to a gain to $15.24-1/2.

Published 30 Apr, 2021 11:30am

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 soybeans may bounce into $15.54-1/4 to $15.75 range

A break below $15.20-1/2 could cause a fall limited to $14.93-1/4.

Published 28 Apr, 2021 10:40am

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

Palm fell 0.66% on lower demand in India, weaker price in Dalian

Dalian's palm oil contract and soyoil contract also dropped 2.18% and 1.2%.

Updated 26 Apr, 2021 11:17am

Markets

Corn, soy ease ahead of weekend, after surge to multi-year highs

CBOT wheat drew underlying support from a weakening dollar , which tends to make U.S. grains more competitive on the export market.

Updated 23 Apr, 2021 11:45pm

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

US MIDDAY: Corn, soya climb to multi-year highs

CHICAGO: US corn and soyabean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as...

Published 22 Apr, 2021 03:55am

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

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F. Nat.Equities / Dec 5 First National Equities Limited(FNEL)	6.28 ▲ 1.00 (18.94%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.25 ▲ 0.50 (18.18%)
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	7.15 ▲ 1.00 (16.26%)
Aisha Steel(ConPS) / Dec 5 Aisha Steel(ConPS)(ASLPS)	8 ▲ 0.85 (11.89%)
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HBL Invest Fund / Dec 5 HBL Investment Fund(HIFA)	3.43 ▲ 0.31 (9.94%)
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Asim Textile / Dec 5 Asim Textile Mills Limited(ASTM)	12.70 ▼ -1.03 (-7.50%)
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Reliance Ins. / Dec 5 Reliance Insurance Company Limited(RICL)	8.80 ▼ -0.70 (-7.37%)
Pak Gulf Leasing / Dec 5 Pak-Gulf Leasing Company Limited(PGLC)	7.18 ▼ -0.57 (-7.35%)
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WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,056,586 ▲ 0.04
Maple Leaf Cement / Dec 5 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▼ -0.61
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,923,500 ▲ 1.29
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.07
Fauji Fert Bin / Dec 5 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.14
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,778,132 ▲ 5.13
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,491,106 ▲ 5.48
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	22,637,629 ▲ 0.38
Hum Network / Dec 5 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.06
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	21,755,000 ▲ 0.76

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	284.75
USD PKR Interbank Buying / Dec 4	284.55
USD to Japanese Yen / Dec 4	146.85
USD to Swiss Franc / Dec 4	0.87
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4564.76
India Sensex / Dec 4	68587.82
Tokyo Nikkei / Dec 4	33273.12
Nasdaq / Dec 4	14153.30
Hang Seng / Dec 4	16729.01
FTSE 100 / Dec 4	7509.75
Dow Jones / Dec 4	36139.37
Germany DAX 30 / Dec 4	16431.20
France CAC40 / Dec 4	7347.73

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Crude Oil USD/Barrel / Dec 4	78.30
Gold Spot USD/Ounce / Dec 4	2085.16
Cotton US¢/pound / Dec 4	79.44

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