futurespress's Commentaries
Jan
7
2010
Calm before the storm
by futurespress
Overall Rating:
With the goldman buying spree officially starting tomorrow the trade is consolidating lower. There are expectations or massive buying but the problem is we have an entrenched weak long, especially in corn, reference OI gains if you doubt me. the market is in jeopardy of falling off no matter how much buying comes in due to the longs , weakening fundamntals and the weekend. I like fading any major move to the upside, with corn your best bearish bet. MPI
Tags: grains
