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hopscotch
Nov 29, 2016 6:21 PM

January Soybean Meal Wedging up Long

Soybean Meal Futures (Jan 2017)CBOT

Description

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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