| oes - 7/2/2018 10:03 In some previous posts you say that these prices will lead to much higher prices. Now it’s a decade of doom??
How about both? Why do you think price does not travel in straight lines? It's because when one store of energy becomes exhausted, another takes over and expends itself - then another kicks in. Especially in the multi-seasonal formations, there is alot of pushing and pulling going on. So we have a larger force will weigh on the smaller ones - which is exactly what a trend is. Price is putting in higher highs and or lower lows causing a trend on the smaller dimension - if you want to call it that- while working in the context of the larger one's energy release. And that is exactly what we have had since 2012. It's not to tough to throw a set of lines on that big formation and see that larger energy store could very well be around til way into the next decade. That is why if and when we get that bigger rally, it will be important to sell multi-years crops because it isn't over til its over.
Take Care
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JP and the 80% rule
