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In November Beans, we see rough parity in OBV suggesting that
accumulation/distribution is more or less neutral - OBV is most useful when
a consolidation period shows quiet accumulation or distribution.
Consolidated Open Interest has risen sharply telling us that there has been
considerable selling into the Sep/Oct consolidation. Volume has gradually
declined in the consolidation which indicates selling may be drying up.
Unfortunately, the information which might offer some additional clues
(Friday's volume and open interest) will not be published until Monday,
however one might wonder why the sharp breakout through a logical buy stop
area did not provide enough buying and short covering to sustain the rally.
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