hopscotch

Soybean Meal Bearish Butterfly

CBOT:ZMH2018   SOYBEAN MEAL FUTURES (MAR 2018)
New pivots have arrived and we are projecting Bearish Butterfly for Meal. RSI rolling downwards. Meal dependant on Argentina weather and purchases. See Meal bullish long term to at least R2 at 355.8. Downside target right now at 317.6. Volatility is high and again dependant on the factors stated.
Comment: Meal hit target, but we fear there is more upside to come because of gap up day. 364 next target previous R3 position. Gap at some point will need to be filled so if meal retraces, this could be a target R1 at 348.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out