Copper/FCX is breaking key support (see post here). Rough Rice is down “lock limit” again today and has declined close to 20% since its recent highs (see food price peak here). Check out all the grains of late? Long-bond(TLT) looks to have held on key support and is moving higher with lopsided sentiment as bond bulls [...]
On 2/7 I did a post on Rice, a food staple for many around the world. In that post the “Power of the Pattern” suggested that rice was up against strong and important resistance. Rice has now declined 10% since hitting key resistance. (see post here) CLICK ON CHART TO ENLARGE A breakdown of [...]
Rice is key for many diets around the world. Reports are cropping up that food inflation is causing some major challenges around the globe. The technical pattern in Rice finds itself at a very important level right now. CLICK ON CHART TO ENLARGE I shared last week that AG/Grain etf DBA was reaching a [...]
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