The signing off announcement on Monday together with the excellent performance of Corn, Wheat, and Rice prices rebounding strongly with 3%+ gains across the board.
Been reading articles in the Financial Times of riots in India over food inflation and increase Wheat prices. To stem food inflation there must be an increase in supply to meet growing demand of the hungry.
A rebound will be timely to see the SP continue the uptrend. She is currently sitting on critical Fib 38.2% and pivot support levels to maintain the upward super trend.
LM
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