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bear trap?

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    #11
    Any thoughts from those more versed in charts and technicals?

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      #12
      Not even a novice; good reasons to think things can stabilize in this range which would allow RSI to float up to 50. That may encourage some new buying. Probably won't happen any time soon.
      End of year canola bin sweeping will probably result in more small weakness as graincos hedge.

      Bean oil chart doesn't look too great. Any more weakness would have specs lightening up some more-bad news for canola.
      Today, my take is don't look for a runup anytime soon. Maybe for stability in here.

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