Thursday, February 18, 2010

Rbob Ramp

click to enlarge
Note that the 4th wave of lesser degree is just overhead as well as the .618 retrace of the whole move down off the highs. The trendline is the long term support over the last 5 mo.s . Naturally a reversal with new lows under that would be really damaging.
Who's buying this stuff? I guess they don't read unemployment stats. or the Telegraph...

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