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MGEX Hard Red Spring Wheat

Removing the Guesswork

Mark emailed this morning to inquire about possible support levels in the DEC24 contract, noting yesterday’s close below 600, turning me BEARISH.

Video Timestamps

00:00 Introduction and Email from Mark

00:20 Market Analysis: Bearish Trends

00:55 Review of Recent Market Movements

01:13 Understanding Support and Resistance Levels

03:03 Trading Strategies and Risk Management

04:49 Fibonacci Retracement and Future Outlook

06:04 Conclusion and Final Thoughts

Video Summary

Key Insights and Market Sentiment:

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