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Buxton ND | It did make a KR. I wouldn't read too much (its still a KR tho) into this as its not at a major high or low,if it closes lower the up coming 2 days, then I would read bearish. Steady this week points to lack of hedge pressure with the rains,not the best close on Friday. Kinda like a Cabby G/F,crabby on Friday,Crabby on Sunday's open.
KR =Trades higher then the prior days high and closes below the prior days low.
A MAJOR,MAJOR KR on August 12th 2012 in ZCZ12 WAS THE BIG DEAL,as an example. This one came with super duper ape manure volumes and was confirmed by trading lower for 2 days.
Chart Trivia,
The rally shortly after that 8-12.2012,,,what would you call that ?
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Sneaky outside key reversal in beans
