Durum wheat has been holding up well in comparison with the other wheat markets.
A short recap.
The ABC correction outlined on December 6 met my target published in November.
Technical Analysis can be a great tool.
My first two Sell Signals:
January 15, 2022, Sell Signal on a new low below $19.60/bu triggered later that month.
November 29, 2021, Sell Signal on with a new low below $607/tonne or $16.50/bu triggered during the February price collapse.
My index price closed the day at $15.25.
Today’s price is $4.35/bu and $1.25/bu below my January and November Sell Signals, respectively.
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