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| Important juncture. Corn is testing the upper bollinger band and could easily fall back in the next few days to test the midpoint around 425 +/-. How it reacts from that level will say a lot. Beans tested their lower band and bounced. If they can push thru there is resistance around 1040 - 1050. If, however, they fail here they could fall fast and hard.
FWIW. I always draw resistance, trendlines, etc with a crayon rather than a sharp pencil. So was fridays high enough to consider it a test of the 450 area. Don't know. | |
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this weeks market
