Soybean

This week IG's Chief Market Analyst, Chris Beauchamp, looks at USD/CAD, going long at C$1.3677 with a stop at C$1.36, in expectation of a move higher on US dollar strength.

2024-05-13T13:57:44+0100

Even though soybean prices have been rising quickly over the past few days they are approaching a key resistance area where they might falter before resuming their longer-term down trend.

2024-05-07T13:36:18+0100

Soybeans price look to have resumed their long-term downtrend, which is why we would like to short these with a stop loss above the March high at 1,235, and a downside target at 1,135.

2024-04-10T12:31:47+0100

​​Outlook on Brent crude oil, corn and soybeans amid a negative start to the new year.​

2024-01-03T10:36:20+0000

Since the daily soybeans front month futures chart is showing negative divergence on the Relative Strength Index, we would like to sell soybeans.

2023-11-20T13:50:40+0000

Since we believe that recent downtrend in the front month copper futures contract has probably ended within a major support zone, we would like to go long with a stop loss at 7,849 and an upside target around the 8,500 mark.

2023-10-18T13:53:59+0100

As Tesla shares are recovering from their September low, we would like to buy these with an upside target around the $300 mark and a tight stop-loss at $234.60.

2023-10-04T13:13:26+0100

The Nasdaq 100, together with several other US stock indices, seems to have resumed its 2023 uptrend. We thus wish to buy it on a minor retracement lower with an upside target of around 16,000 and a stop-loss at 14,550.

2023-08-30T13:46:03+0100