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Short

March Milk Deep Slide

CME:DLH2018   MILK, CLASS III FUTURES
10 0 1
March Milk has been sliding for over two months. It is looking like it will fall again through newly formed S1. Downside target S2 at 13.23. End may come at S3.
Comment: Milk slid again nearing S2 at 13.23. I think we will see 13.
Comment: Bearish flag today for Milk. Still haven't seen bottom. 13 still target.
Comment: Suspect S3. Another down day for Milk off of bearish flag.
Comment: Yesterday milk was up, but today was down again. Expect further downside for Milk. No buy interest in this market.
Comment: Milk setting up double bottom reversal off of S2. Be cautious on Milk. More downside still possible.
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