NoDakFarmer - 1/28/2015 10:54 +1. Whether or not we fail to reach the ml in corn and beans, doesn't the market want to retest those levels regardless? Failing to meet the ml would give us the energy to push below those buyers? HI ND, Yes, the job of this swing when its completed will be to make new lows. Right now there are no "buyers" below us. Just a pivot that is unconfirmed. A failure to reach the ML would project the energy of this year's rally lower than the recent lows- since the LML gets treated as the rough equivalent of balance.
Edited by jpartner 1/28/2015 12:06
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Corn, beans and spring wheat
