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CBoT soyameal

CBoT soyameal

Soyameal:
Nothing much new on this chart and price is following the preferred path of our bear-flag pattern reasonably well. We anticipate further decline from here although price could make a furthers wing up for a couple of days. We will start reconsidering our bear bias if and when the 370/375 level would be broken to the upside but until then we keep our views to the downside.