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Sept MN wheat
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NoDakFarmer
Posted 6/20/2017 06:03 (#6080090 - in reply to #6079916)
Subject: RE: Fry or jpartner, either of you out there??.....NT.


SE ND
I'm not able to post a chart, but there are two daily forks where price has gone to the ML and then it crossed the ML and probabilities suggest it is going to the UML now. Both UML's converge around 670. Also if you draw a line off the highs in wheat that'll give you an idea where sellers have recently tried selling. That also converges at 670 very close to the same area as the UML's. From there it'll be interesting to see what happens. Either price will gap higher, or sellers show up and price pullsback for a while before the next drive up begins. My personal opinion is that price will pullback from around 670 for a while, but my opinion is nothing to price. Hope this helps.
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