Long
MILK - LONG
BUY MILK WITH TARGET EXTENSIONS FROM LAST SWING.
MILK MARKET HAS BEEN DEPRESSED LAST TWO YEARS . IN EUROPE WE HAVE BOUNCE BACK IN THE LAST 3 QUARTERS, MAINLY BECAUSE MOST FARMERS GAVE UP THEIR MILK PRODUCTION WHICH LEAD TO SUPPLY SHORTEGES. THE SAME SENTIMENT IS SEEN IN NEW ZEALAND. LOOK AT NZD CURRENCY CROSSES TO ALL MAJORS IN RESENT MONTHS. IT SHOULD ELEVATE MILK PRODUCTS IN US TOO ..
MILK MARKET HAS BEEN DEPRESSED LAST TWO YEARS . IN EUROPE WE HAVE BOUNCE BACK IN THE LAST 3 QUARTERS, MAINLY BECAUSE MOST FARMERS GAVE UP THEIR MILK PRODUCTION WHICH LEAD TO SUPPLY SHORTEGES. THE SAME SENTIMENT IS SEEN IN NEW ZEALAND. LOOK AT NZD CURRENCY CROSSES TO ALL MAJORS IN RESENT MONTHS. IT SHOULD ELEVATE MILK PRODUCTS IN US TOO ..
Note
BOTH EXTENDED TARGETS HAVE INTERESTING RRR 4,7 AND 5,9 RESPECTIVLY !!Note
THE BUTTOM LINE SEEMS TO BE RESPECTED AT THE MOMENT. DEMAND IS GATHERING ITS FORCES BEFORE JUMPING UP...Note
PRICE BEHAVE ACCORDING OUR SCENARIO. GO MILK GO ....Note
very low volatility at 90.2 area.market is waiting for impuls
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.