Derek inquired about Soybean Meal this weekend.
This is my take on the Soybean Meal market.
I discuss soybean meal futures' current state and potential movements as of December 10, 2024.
The analysis covers historical price levels, the significance of support levels around 291, and past resistance levels.
I emphasize the relevance of both line and candlestick charts for different time frames and introduce key technical indicators like RSI and MACD to analyze potential price pivots and divergences.
He provides strategic insights on trading opportunities, including potential entry and stop levels for long positions.
Monthly Chart
