Stars Aligned?

The technical conditions this morning are extremely vulnerable and will quickly turn negative if price action is poor today. South American weather seems to be generating improving confidence in a wetter moisture pattern during the next couple of weeks.

Could we see year-end profit-taking quickly escalate selling pressures if the right technical signals due in fact unfold? Producers need to seriously consider current levels and timezone as a legitimate selling opportunity.
Published Thursday, December 20, 2007 9:24 AM
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