Corn, bidding for a breakout, again

countryBoy641

countryBoy641

soybeans seem to be leading the AGs.
I read a news letter recently, about beans.
Gonna make diesel from soybeans. Wow.
But corn is very important, fuel and food.
I know there's a trader here is trying to short the AGs.
PM me if you want.

Corn_bid_breakout.jpg
 
Yes, seems the futures ("commercials") are less squeamish about prices going up.
They have to deal with it. It's their job.
Traders (e.g. ET), not so much.
 
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Back when I was Series 7, I knew plenty of guys who would push stocks around, especially at the close.
Candlesticks were either new idea (in a book),
or they didn't exist at all, except in Japan.

One daily candle does nothing for my decision making.
 
countryBoy641 said:
Back when I was Series 7, I knew plenty of guys who would push stocks around, especially at the close.
Candlesticks were either new idea (in a book),
or they didn't exist at all, except in Japan.

One daily candle does nothing for my decision making.
More...
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I agree with one daily candle being noise much of the time;
the few exceptions to that would include a big gap up above 200dma on SPY/12-13-22+ closed below 200dma , as it has most all bear,2022 year..........................................
Commercial buyers in many markets dont really care about one unit;
more like all acres ,truck loads, train loads , barge loads, generally speaking.
NOT saying one customer is not important; every customer is important.:caution::caution:
 
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