MATIF rape chart analysis

The MATIF rape contract November 15 at the 375er mark is bounced off, there was the expected backlash to the range of 383 euros. Here a strong resistance, is now made of the short-term downtrend, and the two average lines (18 and 50 days). Should take the course this hurdle, further upside potential is 392 euros. If bounces off the course at the resistance, there is the danger that this time also the 375er brand cannot be met.

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