ZC Coiling up for next move

After this week's WASDE report, ZC limited up on 1/12. After the expected retracement, ZC has been trading in a range from 527-537.

POC is located at 534, I am expecting a retest of the high of 541'4 in the coming weeks. However, any break below 522'0 would indicate short term weakness.

Long term target of 560'0 by early Spring.