I am looking forward to next years corn harvest and lower feed prices. I foresee a surplus of rain next year.... not too much rain, just enough rain and sunlight to make our corn grow.
Possible break lower to blue box range starting 2018.
With McDonalds promoting their Famous McRib this winter, we are seeing unusually high Hog prices, but that's about to change soon and we should be expecting the usual low Winter prices beginning of next year to beginning of summer.
Waiting on the 0.618 retrace since it popped above 0.50 level.
Blue box is ...
Blue boxes are high volume trade areas.
My prediction is that it will go up for the 1st year of Trump's Presidency and will likely do something to crash the DXY. Possible one term presidency. Unless for some reason he's able to create a bubble in his first term and then pop it in his second term.
We just have ...
Fundamentals are influencing my technical judgement on this one.
If the current support at 95 holds then we will see it retrace to 123 by late 2017 to beginning of 2018.
The lowest I see it going is down to 80, there is some support at 87. I think it will touch 87 at this rate if it decides not to break out ...