AGRI - Food will come back without a doubt it my mind
Expect orange range to hold as support for this here. Volume spikes after coming in suggesting it could be getting ready. Would be great if it held the top range but definitely doesn't have to. Nice that it coincides with the gap up on 16th of May.
Looking for a swing here and this will be a ticker I'm going to be keeping an eye on for the rest of the year. Gaps filled and not too many people talking about food plays. Similar to energy a while back.
Wheat futures has been trying to push lower for the past month and a half but it just can't stay down there. Like oil, I think food gets it's second leg and AGRI was there main player in smallcap world.
Remember no fundamentals have changed regarding the food situation around the world, which I've mentioned in previous posts. ZERO
Looking for a swing here and this will be a ticker I'm going to be keeping an eye on for the rest of the year. Gaps filled and not too many people talking about food plays. Similar to energy a while back.
Wheat futures has been trying to push lower for the past month and a half but it just can't stay down there. Like oil, I think food gets it's second leg and AGRI was there main player in smallcap world.
Remember no fundamentals have changed regarding the food situation around the world, which I've mentioned in previous posts. ZERO
Losers small winners bigly