|
Buxton ND | Nope, last week it broke the short term up trend line AND broke lower out of the resent 45-50ish trading range. Opens the door for contract lows IMO. But don't be surprised if we re-test 45 first
"Where the Beef" where's the buyers, been saying this and rallies will be capped by the spec longs willing to sell at less of a loss for at least a year now.
Crude stocks are a WOW, as in a high WOW, if corn was crude stocks,,,corn would be $2.00
These stocks would be US and world.
I'll say the same thing I've been saying, IF the spec money wants to go net short crude like they HAVE in many other market we will all be surprise how low and how long crude can say low***** Those Sheepy's thru the gate again ! ! ! This is not "Doom and Gloom" this is looking at money flows quite realistically.
Wheat
Corn
Beans
Fats
Feeders
ALL had UN-Godly amounts of spec money playing, ALL went net short and in that order above. | |
|
Time to buy crude
