Formerly NE North Dakota, now NW MN | has once again bounced me out. Again that chart looks like short covering, and I don't see support underneath beans until 10.10ish on zsf5. I still see us grinding our way up to that gap at 11.40ish, but again, we probably need to take a breather here. Which is probably what China is doing as well. I consider my positions hedges/re-owning, so don't really want to be playing with any more volatility/risk than is necessary. Hence the bailing on short-covering rallies.
I don't want to speak for jpartner, but I think if i remember his charts correctly, if this is where we make our turn we are in a world of hurt in the longer run. J maybe you could clarify that a bit?
Edited by khall_12_34 11/12/2014 10:43
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Farmpro nails it again
