TECHNICALS-CBOT soybeans may bounce moderately to $10.70-1/2
SINGAPORE, Dec 30 (Reuters) - The CBOT soybean March contract SH26 may bounce moderately to $10.70-1/2 per bushel, following its stabilization around support of $10.63-1/2.
The stabilization is likely to be followed by a moderate bounce toward $10.07-1/2, regardless of the nature of the current fall, which may turn out to be a continuation of the downtrend or a shallow correction against the preceding rise from $10.57.
A break below $10.63-3/4 may trigger a fall to $10.57.
Wang Tao is a Reuters market analyst for commodities and energy technicals. Views expressed are his own.
No information in this analysis should be considered as being business, financial, or legal advice. Each reader should consult their own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses.
tech
Related Articles
Silver Surges Then Flash Crashes. Safe-Haven Asset Or Speculative Bubble? What Is the Truth of Market Turmoil?
TradingKey - The global precious metals market experienced extreme volatility by the end of 2025. Silver prices plunged nearly 9% on December 29, marking the largest single-day drop since 2021. As silver futures prices plummeted, related precious metals ETFs and mining stocks also saw synchronous de
TradingKey 2025 Markets Recap & Outlook | Gold Records Its Best Performance in Half a Century, Wall Street Predicts $5,000 Breach in 2026
TradingKey - Amid escalating global economic uncertainty, gold is experiencing its best performance since 1979, achieving its largest increase in 46 years. As 2025 draws to a close, major Wall Street institutions have confirmed gold's status as the best safe-haven asset, with a consensus forming tha
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2026 amid Post‑Easing Recovery and Diverging Paths
TradingKey - In 2025, major global central banks will largely maintain an accommodative stance, but the policy pace will decelerate notably. As the easing cycle draws to a close, how will global monetary policy evolve?
Ripple Price Prediction: Why Is XRP Price Falling? Can It Rise to $10 in the Future?
XRP has weakened this year due to profit-taking, capital outflows, and its correlation with Bitcoin. Despite support from potential spot ETFs and positive regulatory developments, significant market divergence, liquidity uncertainty, and macroeconomic uncertainty remain high. XRP's price is likely t
