Soybean future 45 mins 6-9-22 updateSoybean future has been in a bear trend from some time. The structure looks being complete recently and a new one started from 1st sept. There could be option of double wxy as an alternate.
Soybean Future monthly 5-9-22Soybean Future travelling possibly downtrend currently. The long trend of soybean has been spectacular with the highs and lows in the swing. We are trying to analyze the monthly chart and find out the current market structure.
Soybeans ( Bearish ) Soybeans is heading to test next support zone as it is continuing the falling wedge pattern . short term trend is bearish till next support . We will continue to see low demand in china as it is 2nd largest economy low demand pressurise the price .We can expect increase in demand on next support .
BuyBuy in dip at $15.70 sl 15.25 target $16.80-17.10
Disc : it's not an investment advice to buy or sell
Correction ?Soybean is trading in rising wedge structure which is bearish in nature. Close below 13.90 will open for target of 13.35. It has not touched 65 DeMa since upside breakout which indicates mean reversion may be on card to cut out loose hands. Overall trend is still bullish for $15.30 -16
Soybean on a runOm Namah Shivay
Soybean has been trading long from some time.
Soybean looks short time bear and has capability to move to 16096 upside.
The 14094 and 14362 level to be watched.
Om Namah Shivay
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Frequently Asked Questions
The current price of FOB Santos (Platts) Soybean Futures is 385.4 USD / TNE — it has fallen −1.68% in the past 24 hours. Watch FOB Santos (Platts) Soybean Futures price in more detail on the chart.
Track more important stats on the FOB Santos (Platts) Soybean Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For FOB Santos (Platts) Soybean Futures this number is 21.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for FOB Santos (Platts) Soybean Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for FOB Santos (Platts) Soybean Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of FOB Santos (Platts) Soybean Futures technicals for a more comprehensive analysis.