After pullback, long ZC

٧ يناير ٢٠٢١

Strong technical upward trend last few weeks on ZC which broke price levels not seen since 2014. Expect some volatility going into next week's WASDE report on 1/12/21. From a fundamental side, current La Nina weather pattern in the Pacific could impact South American crop production.

After a pullback, I am anticipating this trend to continue. Targeting mid to upper 500's by February/March.