Jangg

Soybean Meal near end of the correction

Long
CBOT:ZM1!   Soybean Meal Futures
It looks like correction on Soybean Meal is almost over.
The price is approaching important resistance level . OBV does not follow the down movement and RSI is already in oversold territory.
I expect the market will turn in coming days.
Comment: We are approaching the upper boundary of the trend line.
So far, so good.
Comment: The soybean meal reached the target support zone. I'm waiting for confirmation by price action and volume.