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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (880)	1/16/2001 9:29:26 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 12411

commoditiesfutures.com >>Corn looks unpredictable here to me.....<< The chart is an interesting study in the relationship between technicals and fundamentals. There were a lot of large players net long and expecting higher prices. Then the announcements that Europe will be killing millions of cattle has caused an unwinding of the corn contracts. Looking at the chart..., there are gaps higher-up, at least 4 median lines in the 215'00-220'00 area ,which includes a support and trend line. Spirals are not in favor of a rise. Looks like the wise choice is to wait and watch.