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West central IL | Not disrespecting anyone else's opinion, but I actually think technical analysis, forks, etc are great on a short term timeframe. And I don't know if that's a self fulfilling prophesy on the part of the traders, price doing what it "needs" to do, etc, but I think there's value there.
On the other hand, I think the value long term is in the fundamentals. Price will go up in low supply years, and vice versa.
So I think you look at the fundamentals as a farmer to help decide the time of year you'd like to lock in price on a substantial portion of your crop, and then you use some kind of technical analysis to get a target set once you get to that time of year. | |
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