Reverse H & S pattern??
Neckline in play currently as key support and possible bounce-point from which lift-off could revisit earlier-'22 highs....or not....
Fundamentals reflect a tug of war between 'demand destruction due to China shutdown and global recession' vs 'supply inadequacy due to weather related subpar crops'.
FWIW, I'm long call spreads.
Thoughts???
(NOTE: This is NOT advice! Just food for thought and fodder for discussion. NOT trading nor investment advice!)
Neckline in play currently as key support and possible bounce-point from which lift-off could revisit earlier-'22 highs....or not....
Fundamentals reflect a tug of war between 'demand destruction due to China shutdown and global recession' vs 'supply inadequacy due to weather related subpar crops'.
FWIW, I'm long call spreads.
Thoughts???
(NOTE: This is NOT advice! Just food for thought and fodder for discussion. NOT trading nor investment advice!)