Keeping an eye for a H&S bottom with the neckline at $36.47. H&S target if neckline breaks is $42.00.
At the same time ADM is challenging the neckline of a H&S bottom, Corn is challenging the neckline for a H&S top. As corn goes down, profit margins for ethanol producers are heading higher so this is a very critical point in time for the ethanol long play. ADM is the safest bet but I also like ANDE. PEIX and VSE are secondary more speculative plays with much weaker relative strength charts.
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