As expected the (Head & Shoulders) graphical pattern was formed!
The odds to confirm that were helped by premature, misinformed weather speculators, associated with naïf expectations about easy money. Fear has avenged the greedy. Now time has come to help rational traders.
Don’t buy against the down trend, neither sell at weekly support! Stay out for now !!!
Sell rallies close to the bearish gap @ 251 and buy dips (with a tight stop) close to 235 (KCZ1) for short term.
So far the easiest direction to this mkt is down!!!! But rains haven´t come yet , but they should be coming !
If weather patterns does not fool us , the path of least support points towards a test of 175 objective!!
Strong Us dollar and a fair (off year crop harvest in Brazil) will help this , and give investors a good long term buying point!!!
The odds to confirm that were helped by premature, misinformed weather speculators, associated with naïf expectations about easy money. Fear has avenged the greedy. Now time has come to help rational traders.
Don’t buy against the down trend, neither sell at weekly support! Stay out for now !!!
Sell rallies close to the bearish gap @ 251 and buy dips (with a tight stop) close to 235 (KCZ1) for short term.
So far the easiest direction to this mkt is down!!!! But rains haven´t come yet , but they should be coming !
If weather patterns does not fool us , the path of least support points towards a test of 175 objective!!
Strong Us dollar and a fair (off year crop harvest in Brazil) will help this , and give investors a good long term buying point!!!
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