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Buxton ND | I'd call first support 9.85ish as 9.836 was the low on 11-14
Last night low was 9.926
Pay attention to November close low ?
Why did it bounce at this level last evening ?
Next support is that slight up trend line level @ 9.70ish
9.50 is very important more so of a closing basis.
9.38 is the August 1st spike low.
9.40-9.50 is UN-Godly important to hold.
Failing at these levels opens the door wide open to the Commodity Classic Gap. The fund boys would love this as they call it a "Full Round Trip" Do not think this can happen ? The crop size out of Brazil, its big/bigger or oh shoot and this hits the ships and if these boys wanna go net short,,,,,,,,,,, its cake walk. | |
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Very simplified chart read to me on March Soybeans
