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Buxton ND | I've made acouple of posts below on this. These weeks numbers are heavy selling, made heavier by the lite Holiday volumes (only 4 days) ALL TIME record selling in 5 day was 74k futures during the March report week 2013. Its a all time record if one took the time to figure it to OI/Volumes or Holiday trade. This is why I've become the BBB in corn and it WAS NOT just from yesterday either. Really tried not too read too much into lite holiday trade, this was just not too.....
This DOES NOT mean all this selling ti CORRECT in the market direct, just says what they ARE and HAVE BEEN doing. IFFFFFFFFFFF this is the start a A trend its gonna get ugly. IF they get a hair to bottom the report these markets of report day the 12th THEY WILL.
There is a small chance this is a major head fake with money flows (small) but a possible. Or the report catch's them off-guard, they will be a nice short rally covering rally NOT a prediction just looking forward objectively. Export sales will be watched VERY CLOSE ON THURSDAY.................................... | |
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Committment of Traders: Funds go to 1.5 byn bushels short
