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Buxton ND | ZL looks tired and breaking a fairly steep up trend line, spec money all time record long by a fair chunk, think its time for a breather.
Beans little tired will follow oil bean, weak today probably on the REAL gaping lower.
My first "target order" on ZSX missed by about a dime Friday and will let it sit there. Not willing to sell the market at this time.
Look closely at Blu charts in bean and oil, compare them to meal and you will see why I'd call this a "Viagra Rally" NOT just the spec longs are rising. We ARE seeing living proof that there is some spec money BACK into the our markets to play.
US $$$ looks weak to me and ready to break lower :o)
Bond markets still saying no interest rate hikes.
Nice work Mr Blu Thank You ! ! ! | |
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Bean Complex
