Soybean Meal near end of the correction
Updated
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.
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.
Note
We are approaching the upper boundary of the trend line. So far, so good.
Note
The soybean meal reached the target support zone. I'm waiting for confirmation by price action and volume.
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