The projected price target calls for a move to at least $119.60 per hundredweight to complete the pattern. Given the current momentum, the market may overshoot to the low end of the range near $117.30 to firmly establish the downtrend.

The Autochartist Key Level screener shows a minor horizontal support at the $120.40 per hundredweight level, which may be a point for a short term retracement. A move below that support should provide additional confirmation that a major trend shift is underway.

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