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Mascoutah, Illinois | You could make a living if you were shorting this bean market since February 10. If you cover at the bottom of the channel and short it again at the top, you could have made some good "jack." This by far has been the easiest trade I have seen in the past two years. You have a descending trendline. The channel is well defined at the top and the bottom. I believe we have had one outside day which was last week where you could have gotten hurt. The next move lower in the May contract should be in the $12.55 camp. | |
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bean contract
