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Originally Posted by hillbilly How much money are we going to make next week? |
Not much, the three agriculture compaines, MON,MOS, and POT have just finished whats technically known as a "correction" this is a perfectly healthy pull back in pricing to a lower level where they consolidate for a couple of weeks and then begin climbing again. That means that a trading range is entered where the price levels fluctuate a little each day but nothing really exciting happens.
Technical analysis leads me to believe that POT will rise to 260$ per share, MOS could go to 180 and MON could see 150.
FCX, freeport McMoran (copper and gold mining) should hit 125 in the next couple of weeks as soon as the market realises that commodoties priced in dollars dont get cheaper in an economic slowdown because its the value of the dollar that drives the prices, of copper and gold in this instance.
If that comes true we could see profits in the region of 28,000$, none of which is real unfortunatley
