ZM2! Commodities Futures Chart

SOYBEAN MEAL FUTURES - ECBT

 

News

hopscotch hopscotch SMK2017, D, Short , 15 days ago
SMK2017: Soybean Meal Gartley Almost Complete
10 0 0
SMK2017, D Short
Soybean Meal Gartley Almost Complete

May Soybean Meal Gartley pattern almost complete, but may turn into a Bullish Butterfly. We may see a pause at 78.6 before trending lower depending on how fast Brazil can take off their large crop, and what the feelings are of traders. Major support for butterfly comes in at 313.7. Gartley comes in at 322.7

hopscotch hopscotch SMK2017, D, Short , 22 days ago
SMK2017: Soybean Meal Sold off Bearish Flag
6 1 4
SMK2017, D Short
Soybean Meal Sold off Bearish Flag

June Soybean Meal finally sold off the bearish flag today moving closer to finalizing Gartley pattern as minimal position.

hopscotch hopscotch SMK2017, D, Short , a month ago
SMK2017: Soybean Meal Bearish Flag
7 0 3
SMK2017, D Short
Soybean Meal Bearish Flag

Soybean Meal is showing a bearish flag. Looking to see if the flag is compromised above 340 to sell to 329.6

mikebiz mikebiz PRO SM1!, W, Long , a month ago
SM1!: Can Soybean Meal be ready to challenge last year's high
5 0 2
SM1!, W Long
Can Soybean Meal be ready to challenge last year's high

Based on the ADX and TSI, I think that bean meal is setup to make a run at the highs from last year if not the gap on the SM1! chart from June 2014. weekly price has found support on 100EMA and has pushed through 200EMA already but has pulled back.

Olu Olu SM1!, D, Long , a month ago
SM1!: Soybean Meal: Looking For Higher Prices
17 0 3
SM1!, D Long
Soybean Meal: Looking For Higher Prices

comments on the chart

Olu Olu SM1!, D, Long , a month ago
SM1!: Soybean Meal: I am bullish
9 0 5
SM1!, D Long
Soybean Meal: I am bullish

Comments on the chart. All the grains may have turned for a move up. The red 5 waves on the chart is the bigger wave degree while the black one is the smaller wave within the bigger wave 3. I dont mean to confuse here but this just means I am looking for a serious move. Let us see what price will do

hopscotch hopscotch ZMK2017, D, 2 months ago
ZMK2017: Soybean Meal
7 0 2
ZMK2017, D
Soybean Meal

This market is a little more interesting than Soybean commented. The downward trend is slowing and candles are starting to rise. This market may be ready to move to higher prices off of the bullish flag. Meal will either produce a double top reversal, move higher into a Butterfly pattern or crash completely. Soybean Meal like Soybeans are moving against the huge ...

hopscotch hopscotch ZMK2017, D, Long , 2 months ago
ZMK2017: Soybean Meal
2 0 2
ZMK2017, D Long
Soybean Meal

May Soybean Meal also has a bullish flag. Next target for bulls is 360. As stated in my Soybean comments, Brazil and Argentina are harvesting so this price action may be under duress. Gartley pattern has completed.

hopscotch hopscotch SMK2017, D, Long , 2 months ago
SMK2017: Soybean Meal
10 0 1
SMK2017, D Long
Soybean Meal

April Soybean Meal is bullish flagging as well. Sticks are on the high side of the channel. Look for break up in the next day or two. Potential run up to 380 Butterfly. This market opposed to the Soybean market is more overbought, however this hasn't affected these markets. Be cautious.

IamJeanPaul IamJeanPaul SM1!, D, Long , 2 months ago
SM1!: SOYBEAN MEAL TRIANGLE BREAKOUT IS VERY BULLISH
83 1 8
SM1!, D Long
SOYBEAN MEAL TRIANGLE BREAKOUT IS VERY BULLISH

Since october we have been moving in a sideway motion. I think this range is coming to an end. The bulls dried out the bears, and are now ready to take the price to the next level higher at 360. The impulsive breakout yesterday is paving the way for more gains to come. Note the bullish hidden divergence, which also shows the increasingly strong hand of the bulls ...

hopscotch hopscotch ZMH2017, D, Long , 2 months ago
ZMH2017: Soybean Meal
9 0 1
ZMH2017, D Long
Soybean Meal

March Soybean Meal up sharply on USDA report. Next target for bulls is the top of previous high at 331.6

pardis pardis TOP SM1!, D, Long , 2 months ago
SM1!: buy
48 0 11
SM1!, D Long
buy

new view in soybean meal... there is a big bull candle on the chart...so i expect it go up very good... buy

hopscotch hopscotch ZMH2017, D, 2 months ago
ZMH2017: March Soybean Meal
3 0 0
ZMH2017, D
March Soybean Meal

Soybean Meal saw a little gain today. The candle created did not reach 50% of the previous day candle. There is a downtrending wedge here that has been indicating further downside, but bulls have supported this market and Soybeans for quite a while. We are all waiting for the Thursday USDA numbers. There are two patterns overlapped here, both indicating a bullish ...

hopscotch hopscotch ZMH2017, D, Short , 2 months ago
ZMH2017: March Soybean Meal
5 0 3
ZMH2017, D Short
March Soybean Meal

March Soybean Meal is wedging down and looking to complete an bullish Cypher pattern that has been going on for quite a while. Don't be surprised if Monday is another up day followed by more chop. If bears can push it lower, look for 304.2 as a target.

Olu Olu SMF2017, D, Short , 2 months ago
SMF2017: Soybean Meal: Bearish to 297 initially
13 0 7
SMF2017, D Short
Soybean Meal: Bearish to 297 initially

Comments on the chart. Support must fail for this to work

pardis pardis TOP SM1!, D, Short , 2 months ago
SM1!: soybean meal review ...bearish
18 0 14
SM1!, D Short
soybean meal review ...bearish

i imagine the chart dint have enough energy for rising ... sell after breakout

hopscotch hopscotch ZMF2017, D, Long , 3 months ago
ZMF2017: January Soybean Meal Wedging up
11 0 2
ZMF2017, D Long
January Soybean Meal Wedging up

Jan 2017 Soybean Meal is creating a wedge up scenario but also locked in a price channel. Look for more upside to complete Butterfly Pattern. There is also a possible double top rejection happening here from price action back in Oct 27 & 28, and seasonal trends show futures starting to slide lower most years.

mikebiz mikebiz PRO SM1!, W, Long , 4 months ago
SM1!: Soybean Meal and Soybeans ready for bullish push?
11 0 2
SM1!, W Long
Soybean Meal and Soybeans ready for bullish push?

On weekly chart, it looks like Soybean Meal is ready to make a push higher. Could we see it challenge the highs of last June?

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