| JC STONE - 12/31/2024 19:30
Problem is most of the disussion here was throwing out verbage with nothing to back it up. Just like your 250 dollar oil post, its rather meaningless without showing why you think that. Like me saying corn is going to 10 bucks some day.
What ya got to lose? Your pride if you're wrong?
Be brave , let er rip, lets see what ya got!
Hi JC,
Being wrong is just ego. Who cares. Let's just think about the formation some. IMHO 250 is probably a low ball but very likely.
First, price action is just energy. Nothing .more.We made highs in 2008 at whatever price say 170. Sold off hard, the rallies back for years before the whales cornered the market and crushed it, only to eventually be finished off by COVID . We know that we the most basic rule is that price will return to the ML with a high probabilit and it's way up there. Price instantly retrieved from negative numbers and rallied..call it 150 dollars. That COVID low is a major pivot and it stored lots of energy. Conventional wisdom is the event provides the energy for the upcoming move. The truth is that all the energy that price is gonna have for next move was stored at the COVID lows. That's all there will ever be. So the context is a massive amount of energy stored in an upslopong swing looking for the next high relative to 2008 and 2020. It's not bearish long term. NG same way. Look at a yearly. It's crazy what's that suggesting. Corn, this lower highs are part of a mic larger formation once again supporting the expensive energy idea.How about 300 cattle? I expect it. The list goes on and on. I don't have all the answers but I know for certain it's not random.
That's about all I can do. Not anywhere near a PC.
Take care |
$2 Gas
