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SOYBEAN MEAL FUTURES - ECBT

CBOT:ZMN2014
 
     
 
    
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ZMN2014 Commodities Futures Chart

 

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LEONES LEONES PRO ZMN2014, D, Short ,
ZMN2014: Soybean Meal topping
74 3 0
ZMN2014, D Short
Soybean Meal topping

Grains are getting weaker but bean complex seems not giving up yet. Soybean meal contract (ZMN) is probably forming a top. Price bounced back for five consecutive days from 477.0 creating a nice floor. A trade below 477.0 will brake the support projecting price towards the next level and bear 1/2 Gann line. Not a seasonal trade but price are almost at historical ...

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