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Jangg

Soybean Meal near end of the correction

Long
Soybean Meal Futures (CBOT:ZM1!)  
Jangg Updated   
CBOT:ZM1!   Soybean Meal Futures
Wave Analysis Trend Analysis Technical Indicators
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waveanalysis trendanalysis indicator
It looks like correction on Soybean Meal is almost over.
The price is approaching important resistance level. OBV does not follow the down movement and RSI is already in oversold territory.
I expect the market will turn in coming days.
Comment:
We are approaching the upper boundary of the trend line.
So far, so good.
Comment:
The soybean meal reached the target support zone. I'm waiting for confirmation by price action and volume.
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