Inflation and palm oil news was positive. Weather brought a price correction. August 10, 2022
November gained as much as 26 cents this morning with help from positive palm oil and US inflation data. A reduced short term US weather threat on the midday models took the stuffing out of those gains. The day's close, to lightly lower, would appear as a rejection of higher trade. The November was unable to hold its move above the 50% retracement level, 1436 5/8.
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Allendale Insider
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