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Originally Posted by Spin There is a correlation between strong oil prices and fertilizer prices, not sure exactly why but there definatley is..... |
Heres a good example of the above, the live intraday charts below are for POT (left) CRUDE OIL (middle) and Dow Jones Index (on right)
Look at 11am, oil fell off a cliff from 143 down to 137 and bounced up to 139$
At the exact same time the Dow Jones Index rallied strongly 100 points.
POT and MOS (not shown) did not follow this rally and both fell sharply sympathetic to oils fall.