| butch2 - 9/27/2016 14:35
For the crowd that is looking at 2.90 or 2.70 why? Do you look for crude to go lower and take corn with it? Stocks to use ratio? what are you looking at that makes that a real number in your mind?
HI butch2,
For me, couldn't careless about acres, yield, stocks or crude . I do think crude is going you remain weak as we endure a era of "cheap" energy, but there correlation is not as some think.
Projections to those levels are purely market structure related. There is supporting market structure for the numbers you suggest, but I think we might be surprised when it happens. ....in other words the market structure at this time does not support a 2014 harvest lows "V", but instead a relentless painful grind lower. The 2008 lows are really nothing special. Price returns to these levels in all time frames and all symbols to test those levels. If gaps are made to be filled, the these type of pivots are meant to be retested....JMHO
Take care |
3 bucks or below ?
