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well chart readers?

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  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    well chart readers?

    Did we just kick the hell out of the sideways and down bears with the overnight trading?
  • agstar77
    Senior Member
    • Jul 2001
    • 6184

    #2
    Looks like the bottom is in.

    Comment

    • TOM4CWB
      Senior Member
      • Dec 2000
      • 16511

      #3
      Funny how that worked... isn't it Agstar???

      Harvest isn't even finished... and the basis is the lowest of the year.... the growers have refused to sell cheap... and the price goes up!

      Where on earth has all the single desk logic gone? The price should be down to $7/bu on Canola and CWRS at $4/bu!

      But behold... CWRS is back to $6/bu... and Canola is going back to $10/bu...in October... of all months!!!

      The wonder of voluntary pooling... and no buybacks!!!

      Comment

      • TOM4CWB
        Senior Member
        • Dec 2000
        • 16511

        #4
        And CDN Durum... Agstar.... the CWB had all the power... yet linked it to CWRS way to close. Look at the spread now!!!

        Oh, what a tangled web we weave... when first we practice to deceive...

        Did you actually believe the CWB deceptions Agstar???

        Comment

        • foragefarmer
          Senior Member
          • Mar 2014
          • 3489

          #5
          Tom4CWB

          Tom you were pretty quite all last fall,winter and spring. As usual you chirp
          up when situations suit your cause.

          No substance in post.

          Comment

          • Hopperbin
            Senior Member
            • Dec 2007
            • 6562

            #6
            http://www.barchart.com/headlines/story/3056349/soybean-oil-futures-bo-fulfills-wolfe-wave-target-bearish-divergence  

            think if this guy drew his pitchfork center line in the correct place his new pitchfork would be ****ed up again. Todays report he is like wtf

            Comment

            • ado089
              Senior Member
              • Aug 2004
              • 1754

              #7
              I'm going to tell myself that this is short covering and rolling induced by the soon to expire Nov contract and we are overbought. My crystal ball tells me that once that is done we will retest the bottom and then proceed to climb upward into the $465-490 range for most of the winter barring any sort of substantial news. The funds are still short beans and where the funds go prices go.

              Comment

              • cottonpicken
                Senior Member
                • Apr 2006
                • 6993

                #8
                Lookin good to me.

                When stuff is going down that you dont want to go down remind yourself-i hope it goes to zero so i can buy it all.

                Comment

                • Klause
                  Senior Member
                  • Sep 2010
                  • 3644

                  #9
                  Things don't keep going down forever... just the same they don't keep going up.


                  I agree with ado though right now. May be a good place to do a sale.


                  Markets are lining up again for one heck of a rally for 2015/16

                  Comment

                  • sumdumguy
                    Senior Member
                    • Mar 2007
                    • 11976

                    #10
                    Klause, every dog has his day.

                    Comment

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