I agree 100% metals vs milk. You need milk to survive metal well yes, but milk is way more popular. I am going to say that milk will trend soon with a strong recovery. Its been down for quite a while, and with more and more children in places such as china its bound to take off. I see 1.04 to 1.06 as being a good area on this trade. We might hit 1.10 but I just think its way overbought and iron prices need to drop in order to have good exports.
jojofang0901
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Nice trade setup, thank you for sharing your view on this pair. I have same idea as well.