SOYBEAN is trading at $1308.03, 0.12% down since previous day close. The slight downside can be seen in Soybean prices against the strong USD as Fed hinted for hawkish stance with one more rate hike in this year in order to control the stocky inflation rate. This weigh down the agri-commodities since they are inversely correlated with USD. The changing climatic conditions in Argentina may remain vital for Soybean prices; for Argentina is a top producer of beans. As seen in the chart, the Soybean is consistently trading below the short-term MA (10) & MA (20) & MA (100) which indicates a selling pressure if downside prevailed further. Selling bias may be suggested for the day in Soybean.
Read More… Read LessIntra Day | ![]() |
Near Day | ![]() |
R3 | 1342.6 |
R2 | 1330.07 |
R1 | 1325.39 |
Turnaround | 1317.54 |
S1 | 1312.86 |
S2 | 1305.01 |
S3 | 1292.84 |
COPPER traded at $8336.3, 0.02% up since previous close. The flat trading can be seen in copper prices on Thursday as USD climbed up to 6-month highs after U.S Fed hinted for hawkish stance with the chances of one more interest rate hike in this year. Last week, the Chinese PBoC cut-down its Reserve Requirement Ratio (RRR) by 25bps which may boost the industrial activities & hence, may increases the demand of copper later on since China is a major consumer of base metals. As seen in the chart, the Copper reversed up after testing the cluster support & crossed over the long-term MA (100) & short-term MA (10). However, the commodity is still consolidating & hence, sideways trading may be suggested for the day.
Read More… Read LessIntra Day | ![]() |
Near Day | ![]() |
R3 | 8511 |
R2 | 8421 |
R1 | 8378 |
Turnaround | 8331 |
S1 | 8288 |
S2 | 8241 |
S3 | 8151 |
XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms with excellent execution speed, a 24/5 client support system with no dealing desk involvement.
© 2024 XFlow Markets, All rights reserved.
Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.
You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.
XFlow Markets INC is incorporated in Saint Lucia with registration no. 2023/C088 governed by the Companies Act, Cap 13.01 of the revised laws of Saint Lucia.
XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.
Telephone number: UAE: +971 43304431 Working hours: 7:00 AM - 5:00 PM (GMT+0)
XFlow Markets does not offer any fixed returns & guaranteed profits. Forex and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk. Please consider our Risk Disclosure.
XFlow Markets does not guarantee any returns or profits. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.