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<x-rich>We could say all proceed as planned: after the first, strong rally (short covering driven), corn is experiencing a consolidation phase, whose width is 242-259. To not exclude a down move to 237.50, where the (breakaway) gap would be closed. Also, note the strong resistence zone around 250, where two moving averages cross themselves. After that, keep your eyes on 250, and then 266-67, the first intermediate term resistence.
I remain long as long as the low at 227.50 holds (for this week only).
ciao
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<x-rich>
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<bold>Gaetano Arnaldo Evangelista</bold> - BARI (Italy)
E-mail: ageitaly@xxxxxx
URL: http://www.geocities.com/wallstreet/8492
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