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Posted by Jack Scoville
on January 8, 2019, 11:37 am, in reply to "Re: Market
Looks like a potential bottom to me on the daily charts. Holding here implies a breakout. Last time we did this the market ran to 130, but maybe that is too much for this current move. Swing targets for the short term would be near 109 then maybe 114-115. Lots of rebalancing this week and I think that might be the reason behind the buying today, but not a lot of selling pressue now as the producer basically is not real interested in selling much as far as I can tell. Not in Central America, anyway.