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"Pork Bellies should have one more rally until the end of March before heading into a very strong seasonal downtrend.The rally during March could be very strong and carry prices to 120 basis the May contract. I would buy May pork bellies around 100 and then exit the market when it gets overbought.The down seasonal from late March to mid-June is the strongest seasonal of the year for bellies. I would want to be a seller in March on any overbought condition." |
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