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| First, the big question, is the bull over? I don't trade the Mpls markets & just now noticed. The Sept looks like a key reversal to the downside on Tuesday, a gap lower yesterday & another down gap this morning. There is an upside gap a dollar lower which is going to act like a magnet in this market, however, it if comes off the peg today, it would suggest it is going to try to fill today's gap or even the gap left yesterday -a the choices for new crop longs at this point is between a rock and a hard place. If I owned inventory & wanted to be a seller, I would offer in today's opening gap as if it trades today...it will most likely bring in day trade shorts. | |
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MINN WHEAT
