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Central Missouri | http://www.agrichartsmobile.com/markets/chart.php?page=ccharts&sym=...
The wheat macd did cross higher. The rsi has continually diverged as prices have gone lower. (higher rsi on this low than on previous lows) Wheat key levels are 4.80 and the cntract lows. A break above 4.80 should be a good sign that momentum is switching to up and a break to new contract lows will keep charts bearish.
Wheat is in an area imo that long term buy and hold may provide excellent returns. How many are gonna plant srw this fall if price is in the 4.00 area? | |
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Wheat
