CBOT:SM1!   SOYBEAN MEAL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Soybean Meal ( ZM1! ) made a Lower High on the 1W Channel Down ( RSI = 39.076, MAC = -8.620, Highs/Lows = -5.800, B/BP = -25.7200) and should now reverse lower towards a new Lower Low. The first short target is 293.80 as the Lower Low extension since the last bottoms supports there. If crossed, we will continue shorting, TP = 275.20.
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