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SW WI | Your pivots are where I am, too, as far as charting goes.
Trying to learn but what I would say is to look for a push back to the 63.50-64.00 area. That to me looks like a ML. That would correspond very nicely if cash and cuts don't completely fall out of bed.
So I'm trying to separate the fundamentals from the technical. For what it's worth I feel futures are heavily discounted already and record production is in it, already. If exports dry up significantly, well then maybe another break downward.....but that's more fundamental. | |
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December Hogs
