Agricultural Index Wants a Cyclical Bull Market

Agricultural commodities are potentially breaking to a new cyclical bull market after years of under performance.

Early on I traded Wheat and Sugar but then decided to go with two related stocks that have moved in line with the Agricultural index over the long-term. I am holding them still.

Here is the monthly chart of GKX we have been using in NFTRH to gauge the process of confirming a new cyclical bull market, which to my eye needs a November close above the noted resistance line.

gkx

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