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The market completed a valid double bottom last week at the $4.00 level as this is an "emotional" number in the market. First area of resistance is going to be around the $4.30 range, and if we can close about that level I would imagine the market will make a run back into the $4.60 which is our next area of resistance. Let me know your thoughts.
I just realized. like 2 months later. You were looking at KC HRW Wheat. Why are you watching this obscure market, rather than regular Wheat futures? Just curious.
Sounds about right
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