Soybean Meal Futures (Jan 2017)
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January Soybean Meal Wedging up

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Jan 2017 Soybean Meal is creating a wedge up scenario but also locked in a price channel. Look for more upside to complete Butterfly Pattern. There is also a possible double top rejection happening here from price action back in Oct 27 & 28, and seasonal trends show futures starting to slide lower most years.

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