|
| Been studying the Nov 17 bean chart. Support should be within a dime or so. If it holds I expect this thing to launch outta here. The energy is building out of a nice structure (stole that from JPartner) as the market coils itself into a corner. Look how fast the market can move once its ready (the parabolic move in the spring ) once it struck its low.
Doubt she goes straight up to 12.50, however chances are good we test summer highs in short order once it breaks out.
Whether you agree with him or not JPartner has a good post in response to a question I had down below. Worth the read. Not sure if there is a way to bring it up top or not. Bout a week or so ago.
| |
|
Nov 2017 chart and JP
