Soybean (ZS) Testing Downchannel/Descending Wedge Resistance
After a two week rally, soybean (ZS) is now bumping into downchannel/descending wedge resistance on the weekly chart, which coincides roughly with the 1000 psychologically key resistance level. Weekly RSI and Stochastics are in rally mode, while the MACD which a few weeks back appeared ready for a negative crossover has strengthened again and is sloping up now.
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For my multiple timeframe analysis on ZS, feel free to visit: tradablepatterns.com/tag/zs_f/
Website: tradablepatterns.com
FB: facebook.com/tradablepatterns
Stocktwits: stocktwits.com/TradablePatterns
Twitter: twitter.com/chu_darren
Linkedin: linkedin.com/in/darrenchu
YouTube: youtube.com/channel/UCCI1YG-qzDMWg6hzYd8D8kw
Google+: google.com/+Tradablepatternscom
Email: info@tradablepatterns.com
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