December soybean meal (ZMZ26) futures a buying opportunity on more price strength.
See on the daily bar chart for December soybean meal futures that prices are in an uptrend and have just hit a nine-week high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bullish posture, as the blue MACD line is above the red trigger line and both lines are trending up. The meal bulls have the near-term technical advantage.
Coffee Prices Erase Early Gains on Forecasts for Dry Weather in Brazil
Grain Bulls Are Showing Resilience: What's Keeping Uptrends in Corn, Soybean, and Wheat Prices Alive
Short Covering Lifts Cocoa Prices
#Bulls #futures
See on the daily bar chart for December soybean meal futures that prices are in an uptrend and have just hit a nine-week high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bullish posture, as the blue MACD line is above the red trigger line and both lines are trending up. The meal bulls have the near-term technical advantage.
Coffee Prices Erase Early Gains on Forecasts for Dry Weather in Brazil
Grain Bulls Are Showing Resilience: What's Keeping Uptrends in Corn, Soybean, and Wheat Prices Alive
Short Covering Lifts Cocoa Prices
#Bulls #futures
2 months ago
