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 ..
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BOTH EXTENDED TARGETS HAVE INTERESTING RRR 4,7 AND 5,9 RESPECTIVLY !!
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THE BUTTOM LINE SEEMS TO BE RESPECTED AT THE MOMENT. DEMAND IS GATHERING ITS FORCES BEFORE JUMPING UP...
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PRICE BEHAVE ACCORDING OUR SCENARIO. GO MILK GO ....
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very low volatility at 90.2 area.market is waiting for impuls