April Milk just created a bearish flag after a long drop off. 15.58 area would be a target for Monday. This would produce a double bottom. 15 would be a target for a bullish Butterfly. Bat comes in a 15.8 where the market comes now.
Comment:
Milk is lower off the bearish flag today.
Comment:
Milk met the 15.58 Friday. Short term has created a double bottom. Long term has created a triple bottom. Oversold condition may see turn around or continue fall to butterfly at 15 before rising.
