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Key reversal
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Posted 5/3/2021 13:14 (#8985113 - in reply to #8984952)
Subject: RE: Key reversal

Northwest Iowa
Looks like not today. Needs to have extremely high volume to help confirm. KR are really quite rare and a real game changer. We must be watching for a weekly/monthly reversal as we are now posting a new week and month with higher prices. There is a lot of time to do that reversal. Personally, I don't think we will have a KR to worry about. We just marked 1 year out of the last major 5.5 year cycle low. That should push for a more mid-cycle high. Again with technical analysis, we're looking to tip the odds of market calls in our favor. Corn and beans planted for me. Others wrapping up while some holding off.
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