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| Not really opposed to charts but would not consider myself a chartest so he goes
Seasonals ( which some say is charting and its hard to argue its not ) say lower or bottom forming next week to 10 days.
Fundamentals As we know them today say lower 955 is just to many beans
US Weather is a non factor but SA weather is slightly bullish so minor support that could move to major support in 5-10 days.
news flow Non existent, Money flow a slight negative, Farmer selling or lack there of is at this point is a positive. Demand is negative
Government policy Negative
my guess flat to down for 10 days but would be looking for an area to get long in that time frame, then one should have a 25 day rally at which time if you have cash flow needs I would address them.
that's the view from the Peanut Gallery
Edited by JD70 1/16/2019 09:16
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Good target shooting in the beans by Centuryfarm
