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Theodore, Saskatchewan | Very good point Jpartner thanks for the input! that was what I was looking for.
That shift is one of the reasons I think the lower quartile will offer support now. I have seen that move on daily bean charts and a bounce off the quartile has caught me off guard before. Like you said could be a shift and/or a loss of energy.
I noticed that the bounces began UML to LML then just to the ML and LML. I would guess it will coil in the bottom now before exiting. Then I would have to find a downslope fork to read the forward price. Cannot use it for trading because my pockets are not deep enough.... but I am beginning to realize the importance of it in my long term planning. | |
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