# Chartanalysis CBoT soybean meal KW51: ambiguous

> Chartanalysis of CBoT soybean meal for calendar week 51 describes ambiguous conditions in Chicago. The 305 mark has held for some months, but defensive lines were recently undercut there.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61649-chartanalysis-cbot-soybean-meal-kw51-ambiguous
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Technical levels near 305 define near-term support for meal futures, which feed buyers' ration costs. The article gives no new fundamental cause for a directional move.

## Read by commodity

- SBM: neutral

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/press-review-chartanalysis-cbot-soybean-meal-kw51-ambiguous-conditions

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