RICE 2923
If Klaus Schwab has his way this year, expect protein prices to go parabolic. What happens when people get outpriced in wheat and meat? Not only will supply continue to increase at a faster rate thn in previous years. Also global weather conditions have caused many droughts and other weather phenomena. If that isn't enough. The supply chain has been crippled over the past few years. All of this together tells me that food prices have barely started to run. Maybe some have jumped too quickly, but the majority of commodities have only begun to rise.
Appears to continue its consolidation in a bull flag and holding a strong resistance at 18. Once popped and retested as support the measured move is about 50 percent. However I think if rice pops, its going to fly.
Appears to continue its consolidation in a bull flag and holding a strong resistance at 18. Once popped and retested as support the measured move is about 50 percent. However I think if rice pops, its going to fly.
Nota
Famine in many countries soon. Food may be available to some , but will we able to afford it?Nota
Supply will continue to decrease not increase. sorry for the typo.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.