ZMF2017 Commodities Futures Chart

SOYBEAN MEAL FUTURES - ECBT

 

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hopscotch hopscotch ZMF2017, D, Long ,
ZMF2017: January Soybean Meal Wedging up
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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.

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