Beans on the reboundBeans made a second bottom at the same yearly fib pivot. See if it can get past the last swing high after a bounce I noted earlier this year on the same level.Longby patricktapper0
Soybeans testing key supportSoybeans Technicals (May) May soybean futures broke lower but found support at our 4-star support pocket which we've outlined in recent reports as 1128 1/2-1133 1/2. The Bulls need to see this pocket defended, a failure to do so could accelerate the selling pressure. Below this support pocket anby Blue_Line_Futures1
Soybeans Drift LowerSoybeans Technicals (May) May soybean futures attempted to hold ground yesterday, but it lacked conviction. Prices are giving back those gains in today’s trade. 1155-1160 is the first resistance pocket the Bulls need to overcome to help spark a bigger relief rally. A failure to do so keeps the poby Blue_Line_Futures0
Soybeans Under PressureSoybeans Technicals (May) May soybean futures broke back below support yesterday which accelerated the selling pressure and keeps the door open for a retest of the February lows in play, that comes in from 1128 1/2-1133 1/2. Bias: Neutral Resistance: 1155-1160***, 1170-1175*** Pivot: 1by Blue_Line_Futures0
Grain Markets Drift Lower (Soybeans)Soybeans Technicals (May) May soybean futures had a strong close on Friday, finishing back at resistance from 1170-1175. An impressive showing considering prices traded down to 1151 in Thursday’s trade. The Bulls want to see consecutive closes back above 1170-1175 to put the ball back in their couby Blue_Line_Futures0
CBOT soybeans sink on technical selling, spillover from lower grChicago Board of Trade (CBOT) soybean futures dropped on Tuesday on technical selling and spillover support from lower corn and wheat. -CBOT May soybeans ended down 11-3/4 cents at $11.74 per bushel after touching the lowest level since March 8. -Selling accelerated as the benchmark contract brokeLongby Khairil_AnuarUpdated 1
CBOT soybeans end weaker on dull demand, lower grainsChicago Board of Trade soybean futures eased on Monday on good supplies, seasonally slowing U.S. export demand and spillover pressure from falling corn and wheat prices. -CBOT May soybeans settled down 5-3/4 cents at $11.85-3/4 per bushel. -CBOT May soymeal settled $4.30 lower at $333.40 per shortLongby Khairil_Anuar1
Are Soybeans Setup For a Bigger Rally?Thursday marked the last trading day of the month and first quarter, which coincides with one of the more highly anticipated USDA reports of the year; quarterly stocks and prospective plantings. The USDA estimates that there will be 86.51 million acres of soybeans planted in the U.S. this year, thatLongby Blue_Line_Futures1
Buy May beans 11.86 limit, stop at: 11.63, tgt 12.42May Soybeans are rallying on short covering. We will try to catch a ride. Buy May beans 11.86 limit, stop at: 11.63, tgt 12.42Longby Cannon-TradingUpdated 0
SOYBEANS Excellent buy opportunity.Soybeans (ZS1!) has been trading within a Channel Down pattern since early 2023 just last week, it almost hit its bottom (Lower Lows trend-line). So far the price has reacted with a minor rebound, while the 1D RSI has been on a major Bullish Divergence (Higher Lows against the price's Lower Lows). Longby TradingShot9