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ZC Coiling up for next move
After this week's WASDE report, ZC limited up on 1/12. After the expected retracement, ZC has been trading in a range from 527-537.
POC is located at 534, I am expecting a retest of the high of 541'4 in the coming weeks. However, any break below 522'0 would indicate short term weakness.
Long term target of 560'0 by early Spring.
POC is located at 534, I am expecting a retest of the high of 541'4 in the coming weeks. However, any break below 522'0 would indicate short term weakness.
Long term target of 560'0 by early Spring.
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