Posted 7/29/2014 10:15 (#3991555 - in reply to #3991536) Subject: RE: Is there some reason we're punching wheat in the nether-regions today?
Middle Tennessee
There is no evident rational reason for it, so lets just call it technical. It still looks wet in Germany and dry in Australia.
1. Small wedge on the daily violated this a.m.
2. Sunday's upside violation of last-week's range on ultra-low volume with no follow through
3. The $5.20 low from a week ago showed seller exhaustion (no volume), buyers were never tested there.