Trends - soyabean - Business Recorder

Markets

Palm oil targets 4,130-4,169 ringgit range

On the daily chart, the contract managed to close above a resistance at 4,026 ringgit for three days. It has escaped from a consolidation range of 3,856-4,026 ringgit, which suggests a target of 4,400 ringgit.

Published 06 May, 2021 11:59am

Markets

Palm oil poised to break resistance at 4,098 ringgit

Even though the contract failed four times to overcome this barrier, the subsequent corrections became shallower.

Published 05 May, 2021 12:23pm

Markets

Corn near 8-year high on supply concerns, wheat rebounds after sharp drop

SovEcon said Ukraine might also harvest a record high 36.6 million tonnes of corn this year versus 30.3 million tonnes in 2020.

Published 04 May, 2021 12:03pm

Markets

Palm oil may retreat into 3,967-4,010 ringgit range

The shallow correction on the hourly chart will be a basic preparation for breaking a resistance at 4,131 ringgit.

Published 04 May, 2021 11:59am

Markets

US MIDDAY: Corn hits 8-year high

CHICAGO: Chicago Board of Trade corn futures hit their highest price since March 2013 on Monday on strong demand for...

Published 04 May, 2021 04:26am

Markets

Corn hits 8-year high as dry weather in Brazil raises supply concerns

Large speculators cut their net long position in CBOT corn futures in the week to April 27, regulatory data released on Friday showed.

Published 03 May, 2021 12:22pm

Markets

Palm oil may rise into 3,967-4,010 ringgit range

A break below 3,855 ringgit could open the way towards the zone of 3,743-3,805 ringgit.

Published 03 May, 2021 12:18pm

Markets

Palm oil may retest support at 3,855 ringgit

A break above 3,967 ringgit will open the way towards a zone of 4,010-4,068 ringgit.

Published 30 Apr, 2021 11:33am

Markets

Palm reverses gains on cheaper rivals, lower Indian demand fears

However, higher palm oil exports from both Malaysia and Indonesia provided some cushion to the weakness.

Published 30 Apr, 2021 11:22am

Markets

London copper snaps five-session rally ahead of holidays

The most-traded June copper contract on the Shanghai Futures Exchange fell 0.9% to 71,660 yuan ($11,076.76) a tonne, after touching a 10-year peak of 73,060 yuan earlier in the session.

Published 30 Apr, 2021 11:14am

Markets

US oil may test resistance at $64.61

The current prediction is oil would fail again to break the zone and then start a correction which is much shallower than the one from $67.98.

Published 29 Apr, 2021 11:30am

Markets

US oil may rise to $64.24

On the daily chart, oil is heading towards $64.12, a break above which could open the way towards $66.65, the Jan. 8, 2020 high.

Published 28 Apr, 2021 10:45am

Markets

Palm oil may rise into 4,130-4,231 ringgit 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.

Published 28 Apr, 2021 10:43am

Markets

Spot gold may test support at $1,763

On the daily chart, following its failure to overcome a barrier at $1,799, the metal broke a support at $1,775. The break opened the way towards $1,723-$1,752 range.

Published 28 Apr, 2021 10:38am

Markets

US MIDDAY: Corn, wheat hit 8-year highs

CHICAGO: Chicago corn, wheat and soyabean futures extended a rally on Tuesday to eight-year highs, supported by corn...

Published 28 Apr, 2021 03:18am

Markets

Taiwan's MFIG tenders to buy up to 65,000 tonnes corn

If sourced from the US Pacific Northwest coast or South Africa, shipment is sought between July 24 and Aug. 12.

Published 27 Apr, 2021 12:19pm

Markets

Palm oil may bounce again to 3,945 ringgit before falling

The drop could be limited to 3,698 ringgit.

Published 27 Apr, 2021 12:07pm

Markets

Palm oil may fall more to 3,859 ringgit

On the daily chart, a harami cross formed between April 22 and April 23, which is a bearish reversal signal.

Published 26 Apr, 2021 11:47am

Markets

Palm oil poised to break resistance at 4,028 ringgit

On the daily chart, the uptrend looks steady. It is riding on a wave C which is expected to travel into 4,301-4,576 ringgit range.

Published 23 Apr, 2021 11:36am

Markets

CBOT wheat poised to rise to $6.93

The resistance is strengthened by another one established by a falling trendline.

Published 22 Apr, 2021 01:03pm

Markets

Palm oil may test support at 3,844 ringgit

A break above 3,926 ringgit could lead to a gain to 4,028 ringgit.

Published 22 Apr, 2021 12:27pm

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

US oil may retest support at $61.35

The failure marked the completion of the bounce from the March 23 low of $57.25.

Published 21 Apr, 2021 12:09pm

Markets

Palm oil neutral in 3,761-3,844 ringgit range

A high-low bottom developing above a rising trendline has taken shape. It confirms a completion of the drop from 4,192 ringgit and the continuation of the uptrend.

Published 21 Apr, 2021 12:06pm

Markets

China’s soyabean imports from US surge in March, Brazilian imports slide

BEIJING: China’s March soyabean imports from Brazil plunged as rain delayed some shipments from the world’s top...

Published 21 Apr, 2021 03:21am

Markets

Palm oil may hover above 3,659 ringgit

The contract is presumed to be riding on a wave c, which is capable of travelling below 3,659 ringgit. This wave may end around 3,659 ringgit, if it is very weak.

Published 20 Apr, 2021 11:38am