Soybean Meal ZMZ2014 (revised) -the void below and the sky aboveSoybean meal (ZMZ2014) has been in consolidation phase from mid Aug to mid Sept 2014. A tringle pattern formed betweed mid July and mid August and is ready to breakout in either direction. Looking at the RSI devergence and at the bear trap on the 12 Aug 2014 this seems to be more a bullish set up supported by the typical seasonal low (end of the harvest). On the other hand we could have of the largest soybean harvests on record. Can be played both ways basically.
