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| I kind of agree, there is a reason corn is not $.50/bushel right now nor $10/bushel. The markets job is to find balance between buyers (end users) and sellers (producer). If it gets too cheap, someone starts producing less or someone starts using more. If prices are high the opposite is true. If a chart was all that mattered then things could/would get out of balance. So while technicals are great and definitely have their place, fundamentals matter.
I do really appreciste all the technica/chart analysis on here though. | |
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A $5 and $12 investigation......(warning chart heavy)
