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| is extremely bullish, a bullish upward sloping pennant in the charts is never ever to be negated. The slow thrusts upwards, with the inability to fall back on consolidations,is a bullish earmark and is paving the way to much higher valuations.
It could be possible that the 14-15 dollar area might be the zone in which rationing finally takes place.
Bullish moves of this magnitude during harvest befuddles many a farmer and its understandable that farmers dump to take advantage of these current valuations out of mistrust of market movements and diatribes of myriads of fundamentals that are told to validate such moves.
Keep some powder dry boys, we still have a few bucks to go. | |
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soybean chart FWIW
