Seven Days Ahead offer financial and commodity market forecasting, technical trading analysis, forex forecasting service, stock market trading recommendations, guides and strategies in the UK.Sign up now

17th Jan - Soybeans Held By 61.8% Support

17 January 2013

WEEKLY CHART – CONTINUATION:

The 1455/56.00 old highs area failed as support, and earlier upward momentum has been lost. On this chart potential support comes from the channel base projection at 1340.00. But see Daily chart...

DAILY CHART – Mar-13:

The dual support from the area of the 1377.75 Apr high and 1363.50 61.8% pullback level again came under pressure, but has still held. This leaves the lower target/ support from the 1277.30 76.4% retracement out of reach for now.

Bulls would be encouraged by a continued recovery through the 1528.60 38.2% retracement level at this stage.

Receive three Market Updates fully-illustrated with charts each week for one month FREE

Next story:
17th Jan - EUR/JPY Heading For Long Term 38.2%

Previous story:
10th January - The Bunds look vulnerable

< Back to menu

Financial Market Forecasting | Bonds Technical Trading Analysis | Commodity Specialist Guide | Daily Indices Guide | Technical Trading Guide UK |
Site Map | SEO Services | We're listed in the UK Business Directory