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Buxton ND | This is my comment from yesterday.
"Back to beans looking at money flow only,its ripe pull a pull back,,,plus we have a very steep uptrend line and funds holding a very large percentage of longs in open interest after a $1.40 run in ZSK re-read the Oct. 2012 comment."
Here's a tweet I picked up this morning,
"Current Open Interest and spec-long in beans has not been this large since end-Oct 2012...that proved to be the peak for each then .. now ??
Then I forgot to toss in end of month profit taking is very possible,,,not saying they can't go higher but beans are very over bought..... | |
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Dang-Look at those beans go
