Soybean (ZS) Testing Downchannel/Descending Wedge Resistance Soybeans CBOT:ZS1! TradablePatterns After a two week rally, soybean (ZS) is now bumping into downchannel/descending wedge resistance on the weekly chart, which coincides roughly with the 1000 psychologically key resistance level. Weekly RSI and Stochastics are in rally mode, while the MACD which a few weeks back appeared ready for a negative crossover has strengthened again and is sloping up now. For my multiple timeframe analysis on ZS, feel free to visit: https://tradablepatterns.com/tag/zs_f/ Website: http://tradablepatterns.com FB: http://facebook.com/tradablepatterns Stocktwits: http://stocktwits.com/TradablePatterns Twitter: https://twitter.com/chu_darren!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Linkedin: https://www.linkedin.com/in/darrenchu YouTube: https://www.youtube.com/channel/UCCI1YG-qzDMWg6hzYd8D8kw Google+: https://google.com/+Tradablepatternscom Email: info@tradablepatterns.com