Big Picture Market structure for Soybeans
Current Market Structure: **(Like Corn) Sensitive, with extreme bandwidth** The current Domestic and World Supply & Demand numbers paired with recent inflationary threats support a price base range (IMO) from 10.00 to 12.00. Currently risk has been to the upside and inflationary threats elevated, keeping beans elevated as well. There are to many variables that affect the fundamental picture, expect volatile markets untill the Market structure becomes more defineable.
Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged
Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
Resistance area from 12.75 to 14.00 and then 16.00 area. **12.75 to 14.00 is an area that some pricing and protection should be encouraged
Support area is 11.80 to 11.40. Further Risk is 10.00 – 9.00.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.