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TFC Commodity Trading Forum

Soybean Meal/Gian *PIC*

Gian, I read your post with the example of your sobean meal trade. I was watching soybeans for awhile, but once it had broken to new highs out of its large triangle/wedge I stoped watching. Maybe I should have been watching meal as it formed a head and shoulders on the daily with the neckline right at the top of the channel. Would of had been quick on ones feet to catch it. Looks like some of these commodities are ready for a bounce linke soybean meal after its move down from 390 to 330. Also like silver, and others like sugar. Hard to say where meal is going. Back up into the channel or down to 290. Maybe a bounce here and then a continued liquidation. Who the heck knows. Maybe Greece. Weekly and daily chart below.

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Soybean Meal/Gian *PIC*
Re: Soybean Meal/Gian *PIC*