The move lower should find support for a possible reversal move once it reaches the trend line drawn at the $120.50 per hundredweight price level. A failure of this level would appear as a bearish development with anticipation of lower prices below the Channel Up pattern. A reversal from the trend line will allow for another move towards the top of the channel, with an eventual upside breakout possible. Autochartist will generate a new forecast target once a clear breakout has occurred.

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