# Chartanalysis CBoT soybean meal KW07: outbreak from

> A technical chart analysis of CBoT soybean meal for calendar week 7 says prices broke out of a downward escalation and formed a triangular pattern. Support at $305 per short ton has held. The note is a routine chart commentary with no new fundamental cause.

- Date: 2019-02-14 · published 2019-02-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/60667-chartanalysis-cbot-soybean-meal-kw07-outbreak-from
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The breakout and held support are technical signals that may attract short-term trading interest, but they do not change supply or demand fundamentals. Feed buyers should view it as routine price commentary.

## Read by commodity

- SBM: neutral

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/press-review-chartanalysis-cbot-soybean-meal-kw07-outbreak-triangular

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.