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Cass Co. ND | Doesn't a chart only work by looking at the past? Charts can only HINT at the future, by looking at past TRENDS.
How many times have there been "key reversal" news ?
Was there a chart showing the end of economic hostilities with China?
Only time will tell about this "agreement" with China. And, NO CHART FORECASTED THIS! If the China market opens back up, expect a HUGE jump in bean futures prices. Show Me the chart from last week predicting this.
I believe that, if every chart watcher is looking at the same prediction for the future price, it will get there. Because every chart watcher will buy (or sell) until it gets there, and then every chart watcher will sell (or buy). (self fulfilling prophecy) | |
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Tariffs ain't the only trouble for beans.
