March Soybean Meal

٩ يناير ٢٠١٧

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 setup. Unfortunately it will take a lot to make this market go lower before Thursday. More chop ahead.