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Central Missouri |
http://www.agrichartsmobile.com/markets/chart.php?ab=quotescharts&p...(direct)|utmccn=(direct)|utmcmd=(none)&__utmc=223457291&__utmb=223457291.24.10.1268231362&PHPSESSID=kppld7utiqfc4ijrtfrbgesjk3&studies=VOLI;MACD;
In the face of a very small acreage picture. If the macd cross lower is confirmed we may have a flushing in srw over the next cupla months. If this occurs it may set-up a huge long term buying opportunity in wheat as 4.00 wheat doesn't buy acres. I suspect over the next cupla months basis will do the job for srw.
Long term support is in the 4.20 area as illustrated on the monthly chart.
http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
Edited by ehoff 3/10/2010 10:16
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SRW
