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Buxton ND | No those really nice green quote's are the screen were for real :o)
The 100 day SMA (simple moving average) in ZCZ corn ticked higher for the first time since April Fools Day. 18 and 45 day are moving sharply higher, the momentum has changed and this momentum will be watched very close by funds traders :o)
KR (Key Reversal) well ZCZ15 did it for the month of June. Traded lower then last month low and close above last months high. Some well call this a outside month higher, what ever one calls it, its bullish and well have the funds attention :o)
In the last year or so I commented a few times "We're not going any where in these markets til the fund boy chance their tune" Yes the report was "alittle" bullish for corn but really don't think it was .30 limit up bullish..... Maybe its more, it just was not bearish tho it sure seemed to change their tune,,, remember its not the numbers its how the traders react to them that counts*****
Now is their tune really changed ? ? ? IMO the answer will be in tonight's daily volumes and open interest report :o)
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APRIL FOOLS
