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Milk Class III

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CME:DLH2017   None
March Milk still trading within the bullish flag. A symmetrical triangle within the flag is also forming. The downtrend off of the high at A is preventing a climb further. Will take a little mustard to breach. This Gartley pattern could be extended up to a max of 78.6%. If Milk climbs further this pattern will turn Cypher. Also note that open interest is falling. If prices are in a congestion range and open interest is falling, this is a bullish sign.

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